Taxes

Taxes

Assessment

Flashcard

Life Skills

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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21 questions

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1.

FLASHCARD QUESTION

Front

The amount of money you actually receive after the deductions are taken from your gross income.

Back

Net income

2.

FLASHCARD QUESTION

Front

Amounts of money taken from income before you are paid.

Back

Deductions

3.

FLASHCARD QUESTION

Front

Total money you earn before taxes and other deductions.

Back

Gross income

4.

FLASHCARD QUESTION

Front

This is paid to the Government once a person's income passes a set amount.

Back

Tax

5.

FLASHCARD QUESTION

Front

As taxable income increases, income tax rates ____

Back

increase

6.

FLASHCARD QUESTION

Front

Your take home pay is also known as what?

Back

Net Pay

7.

FLASHCARD QUESTION

Front

This form will be sent to Lily by the end of January. She will use this W-2 form to…

Back

File her income taxes

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