personal finace
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9 Terms
what are taxes used for
to provide services and goods for the public
what needs to be mailed by january 31st
w-2 form
what is a w-2
shows how much money you earned and taxes withheld from your paycheck provided by your employer
what is medicare
healthcare insurance for ppl 65 and older
what is a dependent person
relies on taxpayers for financial support
what happens if you increase number of allowances
the more allowances you list the less you’ll pay in taxes on your check
what happened if you decrease the number of allowances
the less allowance the more taxes will be taken out of your check
1040
summarize key info on tax returns like filling status, income, and tax credits provided by accountant
what 2 taxes are part of FICA
social security and medicare
Note 
Flashcards (33)