Unit 6 Review Income Taxes

A Federal income tax form used by people that taxpayers can use to report their earnings and pay their taxes; and other types of income such as royalties, alimony, or prizes.

• Form 1040

• Form I-9

• Form W-4

• Form 1099

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

A form sent to taxpayers that is used to report other income made from interest on bank accounts, interest from stocks, and royalties.

• Form 1040

• Form I-9

• Form W-4

• Form 1099

A form that is filled out by a new employee that gives directions to the government on how much money in taxes to deduct from an employee’s pay.

• Form 1040

• Form W-2

• Form W-4

• Form 1099

A form used to report income and tax data; a Wage and Tax Statement given to employees to compute federal, state, and local income taxes.

• Form 1040

• Form W-2

• Form W-4

• Form 1099

A percentage paid to the government of sales on products or services.

• Sales Tax

• Payroll Tax

• Income Tax

• Federal Tax

Tags

CCSS.6.RP.A.3C

A person reported on a taxpayer’s income tax form that a taxpayer supports financially.

• Dependent

• Independent

• Head of Household

• Single

A person’s income before all taxes are deducted.

• Net Income

• Gross Income

• Taxable Income

• Year to date (YTD)

Tags

CCSS.3.OA.D.9

A status for unmarried people who do not have a dependent.

• Married Filing Jointly

• Independent

• Head of Household

• Single

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

A tax rate schedule whose bracket percentages decrease as income increases.

• Progressive Tax

• Regressive Tax

• Proportional Tax

• Federal Tax

Tags

CCSS.7.EE.A.1

A tax that increases as income increases; the percentage or rate increases.

• Progressive Tax

• Regressive Tax

• Proportional/Flat Tax

• Federal Tax

Tags

CCSS.HSF-LE.A.1B