Match the definition with the vocab term it describes.
Match the definition with the vocab term it describes.
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Question 1
1.
Money taken out of your pay to fund Social Security and Medicare.
Question 2
2.
Electronic transfer of a payment from your employer to your bank account.
Question 3
3.
A high cost added to the purchase of goods, such as cigarettes and soda, intended to discourage the use of those goods.
Question 4
4.
Wage and Tax Statement; provided by your employer to report your annual wages and taxes withheld
Question 5
5.
A category of taxpayers based on their income
Question 6
6.
A person other than a spouse, usually a minor child, who entitles the taxpayer to claim an exemption.
Question 7
7.
Money the government collects from taxes, tariffs, etc
Question 8
8.
Money you receive that is not from a paycheck, such as lottery winnings, an inheritance, or a trust fund
Question 9
9.
Take-home pay; money left in your paycheck after taxes, etc. have been deducted
Question 10
10.
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