| Tax Documents | ||
| #1 | This tax document is sent to you by your employer in Januarary (1 for each job) and shows the total earnings/deductions for the previous year. |
W-2 |
| #2 | The tax form you fill out using your W-2 and send into the IRS. |
1040 |
| #3 | This tax form has to do with your eligibilty to work in the United States. |
I-9 |
| #4 | This tax document is filled out when you get hired and is used to determine how much will be deducted frrom each paycheck. |
W-4 |
| #5 | You fill this form out when you are hired out by a company as an independent contractor |
1099 |
| Pay Stubs | ||
| #1 | YTD is the acronym for _______________________________. |
year-to-date |
| #2 | The pay you actually bring home is _____________. |
Net Pay |
| #3 |
How Often does Robert get paid? |
Weekly |
| #4 | What are two deductions you will see on your pay stub? |
Medicare Social Security Fed tax State tax Retirement |
| #5 |
how much has Robert brought home this year? |
$3,458.72 |
| Tax Cycle | ||
| #1 | When is "Tax Day"? |
April 15th |
| #2 | When is the Final deadline to file taxes if you have received an extension? |
October 15th |
| #3 | Your earnings finalize on this date. |
December 31st |
| #4 | The first day you are allowed to mail in tax returns |
Jan. 1st |
| #5 | You fill out your I-9 and W-4 when ____________________. |
You start a new job |
| Moar questionz | ||
| #1 | Give an example of mandatory spending. |
Social Security Medicare |
| #2 | Military spending and education are examples of what type of spending? |
Discretionary |
| #3 | What type of pay is pre-tax? |
Gross pay |
| #4 | What does IRS stand for? |
Internal Revenue Service |
| #5 | What word pertains to the taxes that are taken out of your pay? |
Withholding |
| #1 | ||
| #2 | ||
| #3 | ||
| #4 | ||
| #5 | ||
| Final Question | |
What are the top three categories the government uses our tax dollars on? |
Medicare Social Security Defense |
