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Tax Review Video

QuestionAnswer
What agency collects federal taxes? Internal Revenue Service (IRS)
What agency collects NC state taxes? NC Department of Revenue
Who is a dependent? any individual who relies on another person for financial assistance
What form is used for federal taxes? 1040 Form
What form is used for state taxes? D-400 Form
What form is issued at the beginning of the year? W-2 Form
What form is completed before employment? W-4 Form
What are some places taxes pay for? schools, libraries, roads
What happens if you do not pay your taxes? Fines or imprisonment
Created by: mrscbrown
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