Economics Vocabulary

3. receipt of paycheck
4. A employment eligibility verification which verifies the employment and identity authorization of people
5. A IRS tax form used for personal federal income tax returns filed by US residents
6. income, especially when of a company or organization and of a substantial nature
7. An illegal non-payment or underpayment of taxes
8. A progressive tax that depends on income
9. money received, especially on a regular basis, for work or through investments
13. US federal payment that deducts your paycheck
15. An expense that can be subtracted from a taxpayers income
16. What an employee earns before taxes
17. a tax form completed by an employee to indicate his/her tax situation to the employer

1. A fixed regular payment, an agreed sum amount
2. a record that a person other than an employer pays you money
3. Federal taxes that have higher rates of tax of higher rates income
7. A compulsory financial charge or some type of levy imposed on a taxpayer by a government system
10. A document an employer is required to send to their employees and the IRS at the end of every year
11. A fixed regular payment, an agreed hourly amount
12. The amount an employee earns after all deductions from Gross Pay
14. The revenue service for the United States; responsible for collecting US federal taxes and administering the internal revenue code