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Taxes and Tax Preparation

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Loraine Quigley

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Cards in this guide (15)
What type of tax is usually paid to the county treasurer

property

The amount of what type of tax is determined through the use of a mill levy

The amount of property tax is determined through the use of a mill levy.

Which of these is the best description of a total compensation plan

the wages and benefits an employee receives at a job...

Which of these forms lists the amount of Social security taxes that were paid during the year

A W-2 form lists the amount of Social Security taxes that were paid during the year.

What is an important reason for knowing the approximate difference between your gross pay and your net pay

Knowing the difference will allow you to develop a realistic budget based upon your take-home pay.

Which of these is the best description of a grant

it is a direct payment from the state to local government.:)

Sonya wants to know how much her annual take-home pay will be after she pays FICA taxes totaling 7.65 percent on an annual salary of 36590

Her annual take-home pay will be 33790.87.

Is salary an example of earned income

Yes.

Which of these is the best description of a the tax base

It represents the subject being taxed

What is the most common form of indirect tax

sales tax!

Which type of tax is calculated on a per-item basis

An excise tax or sales tax is calculated on a per-item basis

Which type of tax is collected by a mediating agent and then forwarded to the government

indirect tax

What is a tax table

a form used to calculate the amount of taxes a person must pay based upon income.

How many paychecks does a person who is paid biweekly receive in a year

26 broski. .

Which of these is a description of allowances

special circumstances that reduce a persons federal tax bill

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The amount of what type of tax is determined through the use of a mill levy

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Which of these is the best description of an assessment

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

How much money is taken in federal taxes for every thousand you make

Which of these is an element of limited payment life insurance

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What does HMO stand for

Which of these is the best description of an assessment

Which of the following is a description of withholding

What is a deduction on an income tax form

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FICA tax is the same as federal income tax

What percentage of gross income is withheld as an employee's contribution to Medicare

The amount of what type of tax is determined through the use of a mill levy

Which of these forms lists how much was paid in state and local taxes

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Managers for which type of job use a percentage to figure the wages of an employee

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

Which of these is the best description of a total compensation plan

Which term is defined as the payment an insured makes to the insurance company on a regular schedule

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