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Personal Finance

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
taxable income   show
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tax credit   show
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standard deductions   show
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itemized deductions   show
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show all the taxable income you receive  
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show describes your tax-filing group, which is based on your marital status as of the last day of the tax year  
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show an amount you may subtract from your income for each person who depends on your income to live  
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show a person who lives with you and for whom you pay more than half his or her living expenses  
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show the amount left after these adjustments are subtracted from gross income  
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show all citizens are expected to prepare and file tax returns of their own accord without force  
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show willful failure to pay taxes  
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tax brackets   show
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revenue   show
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show an examination of tax returns  
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show taxes for which the rate stays the same, regardless of income (property taxes, gasoline tax, sales tax)  
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show take a larger share of income as the amount of income grows (income tax)  
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Created by: holly107roberts
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