What are federal taxes?
What are state taxes?
What are local taxes?
What is a sales tax?
What is income tax?
Money taken out of your pay to fund Social Security and Medicare.
Electronic transfer of a payment from your employer to your bank account.
A high cost added to the purchase of goods, such as cigarettes and soda, intended to discourage the use of those goods.
Wage and Tax Statement; provided by your employer to report your annual wages and taxes withheld
A category of taxpayers based on their income
A person other than a spouse, usually a minor child, who entitles the taxpayer to claim an exemption.
Money the government collects from taxes, tariffs, etc
Money you receive that is not from a paycheck, such as lottery winnings, an inheritance, or a trust fund
Take-home pay; money left in your paycheck after taxes, etc. have been deducted
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