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FM M3L1 Vocab
Finance
| Question | Answer |
|---|---|
| Taxes | Fees that the government requires people to pay in order to live and work in their state and the USA. |
| Taxpayer | A person who pays taxes to federal, state, county, city and/or town governments. |
| Community | A group of people working together for a common good. |
| Earned Income | Money earned from working |
| Unearned Income | Money earned from sources other than working. |
| W-4 Form | A form required to be completed when you get a job. This form is usually completed on your first day of work. |
| W-2 Form | A form that shows you how much money you made and how much you paid in taxes from the previous year. |