Money taken out of your pay to fund Social Security and Medicare.
Question 7
7.
Electronic transfer of a payment from your employer to your bank account.
Question 8
8.
A high cost added to the purchase of goods, such as cigarettes and soda, intended to discourage the use of those goods.
Question 9
9.
Wage and Tax Statement; provided by your employer to report your annual wages and taxes withheld
Question 10
10.
A category of taxpayers based on their income
Question 11
11.
A person other than a spouse, usually a minor child, who entitles the taxpayer to claim an exemption.
Question 12
12.
Money the government collects from taxes, tariffs, etc
Question 13
13.
Money you receive that is not from a paycheck, such as lottery winnings, an inheritance, or a trust fund
Question 14
14.
Take-home pay; money left in your paycheck after taxes, etc. have been deducted
Question 15
15.
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