Tax Unit

Total income for the year

• gross income
• taxable income
• net pay
• unearned income

The annual wage and tax report from your employer 

• W-4
• Form 1040 EZ
• W-2
• Form 1040

Money that an employer takes from your paycheck to be used for taxes is called

• interest income
• withholding
• dividend income
• unearned income

The deadline to file your annual tax return

• March 15
• April 30
• April 15
• March 30

The form that helps the employer determine how much to deduct for federal income tax

• W-2
• W-4
• Form 1040 EZ
• Form 1040

Agency responsible for collecting federal taxes

• FTC
• OSHA
• CPSC
• IRS

Interest and dividend income

• gross income
• net pay
• earned income
• unearned income

Free from federal tax withholding

• allowance
• exempt
• withholding
• standard deduction

The amount of federal income tax to withhold from your pay is based on

• gross pay

• marital status

• the number of withholding allowances

• all of the above are correct

Which of the following types of income is used to determine your tax liability for the year?

• gross income

• net pay

• taxable income

• unearned income