Match the definition with the vocab term it describes.
Match the definition with the vocab term it describes.
Question 1
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Question 2
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Question 3
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Question 4
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Question 5
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Question 6
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Question 7
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Question 8
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Question 9
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Question 10
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Money taken out of your pay to fund Social Security and Medicare.
net pay
FICA
flat tax
dependent
income bracket
direct deposit
audit
W-2
sin tax
unearned income
revenue
W-4
Electronic transfer of a payment from your employer to your bank account.
unearned income
income bracket
W-2
revenue
net pay
sin tax
direct deposit
W-4
dependent
audit
flat tax
FICA
A high cost added to the purchase of goods, such as cigarettes and soda, intended to discourage the use of those goods.
FICA
W-4
unearned income
direct deposit
income bracket
revenue
audit
sin tax
net pay
W-2
flat tax
dependent
Wage and Tax Statement; provided by your employer to report your annual wages and taxes withheld
audit
income bracket
direct deposit
revenue
dependent
net pay
flat tax
W-4
sin tax
W-2
FICA
unearned income
A category of taxpayers based on their income
income bracket
direct deposit
W-4
FICA
revenue
net pay
W-2
dependent
flat tax
sin tax
audit
unearned income
A person other than a spouse, usually a minor child, who entitles the taxpayer to claim an exemption.
unearned income
audit
W-4
dependent
flat tax
net pay
income bracket
FICA
W-2
revenue
sin tax
direct deposit
Money the government collects from taxes, tariffs, etc
flat tax
income bracket
dependent
unearned income
sin tax
net pay
W-2
direct deposit
revenue
FICA
W-4
audit
Money you receive that is not from a paycheck, such as lottery winnings, an inheritance, or a trust fund
sin tax
unearned income
FICA
income bracket
net pay
audit
W-4
flat tax
W-2
revenue
dependent
direct deposit
Take-home pay; money left in your paycheck after taxes, etc. have been deducted
unearned income
flat tax
FICA
dependent
W-2
income bracket
audit
revenue
W-4
net pay
sin tax
direct deposit
Form an employee fills out for every new employer so that the employer withholds the correct amount of income tax from paychecks based on marital status and number of dependents