Intro to Taxes

Where does the government get most of its money?

• Printed money

• Taxes

• Donations

What type of tax do you pay when you own a home?

• Income Tax

• Property Tax

• Sales Tax

What type of tax do you pay when you buy something at the store?

• Income Tax

• Property Tax

• Sales Tax

What type of tax goes to help pay for medical care of people over 65 years old?

• Sales Tax

• Income Tax

• Medicare Tax

What type of tax takes a percentage of the money you make on a job?

• Income Tax

• Property Tax

• Social Security Tax

What type of tax goes to help pay for retirement?

• Property Tax

• Sales Tax

• Social Security Tax

What does "IRS" stand for?

• Internal Revenue Service

• Internal Response Support

• Internal Revenue System

Which is NOT a filing status?

• single

• married filing jointly

• married filing separately

• engaged

A person that taxpayer supports financially

• Exemption

• Dependent

• Itemizing

• Head of Household

Which of these forms should you use to file your tax return?

• W–2 form

• 1040EZ form

• 1041ES form