Tax Terms

Ava received her paycheck and noticed the gross pay amount.

• total amount before deductions and taxes

• The amount you make per hour

• total amount after deductions and taxes

• The amount you owe in taxes

Priya received her paycheck and wants to know her Net Pay

• total amount before deductions and taxes

• The amount you make per hour

• total amount after deductions and taxes

• The amount you owe in taxes

1040

• Form that you fill out when you start a job

• Form that determines your ability to work (citizenship)

• Form that shows how much you made the previous year

• Form that is used to file your taxes.

I9

• Form that you fill out when you start a job

• Form that determines your ability to work (citizenship)

• Form that shows how much you made the previous year

• Form that is used to file your taxes.

W2

• Form that you fill out when you start a job

• Form that determines your ability to work (citizenship)

• Form that you receive that shows your wages for the year

• Form that is used to file your taxes.

W4

• Form that you fill out when you start a job

• Form that determines your ability to work (citizenship)

• Form that you receive that shows your wages for the year

• Form that is used to file your taxes.

David, who is a college student, relies on his parents for income and care. What is David considered as?

• Parent

• Dependent

• Teacher

• Student

Medicare

• Program the provides food for low income people

• Program that provides medical care for elderly and disabled

• Program that provides retirement income to elderly and disabled

• Program that lowers the tax rate for retired people.

Michael is planning for his retirement and wants to understand Social Security.

• Program the provides food for low income people

• Program that provides medical care for elderly and disabled

• Program that provides retirement income to elderly and disabled

• Program that lowers the tax rate for retired people.

Charlotte is reviewing her paycheck and notices a deduction labeled FICA. What does this deduction fund?

• Taxes that help build state schools

• Taxes that fund Social Security and Medicare

• Taxes that fund state police