Module 4 Vocab

Front

Payroll tax withheld from employees is matched by the employer.

Back

Medicare Tax

Front

Commonwealth of Virginia income tax form

Back

760 Tax Form

Front

Gross pay definition?

Back

Total money earned before deductions or taxes.

Front

Tax on items for immediate consumer use

Back

excise tax

Front

Tax added to qualifying purchases at purchase time

Back

sales tax

Front

Total income before deductions or expenses

Back

Adjusted gross income

Front

Amounts subtracted from paycheck

Back

Deduction

Front

Definition of withholding?

Back

A share of a worker's earnings paid to the government by the worker or employers.

Front

1040 tax form

Back

the long federal tax form filed by individuals

Front

Exempt: not subject to tax, not included for tax purposes

Back

True