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U3 L1 Vocabulary Test

Enter the letter for the matching Definition
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1.
1040EZ
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2.
IRS
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3.
W-2
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4.
D400
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5.
W-4
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6.
NC
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7.
15th
A.
When you get a job, you will be required to complete a ________ form. This form is usually completed on your first day of work or at an employee training prior to starting work.
B.
Before completing your federal & state income tax forms, you will need your________ form from your employer. It will show how much money you made and how much you paid in taxes from the previous year.
C.
The ______ Department of Revenue is a state agency that is responsible for collecting taxes for the state of North Carolina.
D.
You must file your federal and state income taxes by April _________.
E.
The Internal Revenue Service (_________) is a federal agency that is responsible for collecting taxes for the US government.
F.
If you live in North Carolina, are single, and earn more than $5,500 per year, you should use the __________ form to file your state income taxes.
G.
If you are single, make less than $100,000 per year, have no children, and are younger than 65, you should use the _________ federal tax form. You can obtain this form online from the IRS website or at your local library.
Type the Term that corresponds to the displayed Definition.
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8.
_____________ income is money earned from working.
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9.
A _______________ is a group of people working together for a common good.
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10.
______________ are fees that the government requires people to pay in order to live and work in their state and the USA.
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11.
_________________ is a tax that a person pays on his or her earned and unearned income.
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12.
A ______________ is a person who pays taxes to federal, state, county, city, and/or town governments.
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13.
_____________ is money you earn from a job or get by another source over a period of time. It includes earned income like wages earned from working and unearned income like interest made on savings.
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14.
A ____________ is a person who relies on another person, usually a family member, for financial support.
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15.
______________ income is money earned from sources other than working.

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