Tax Vocab

3. administers the federal tax laws that Congress enacts
5. assets all property held for investment by a taxpayer
8. security any government system that provides monetary assistance to people with an inadequate or no income
9. tax taxation by the federation or confederation
13. tax Tax imposed on individuals or entities in respect of the income or profits earned by them
14. item which is subtracted in arriving at, and which therefore reduces, taxable income
16. tax an ad valorem tax on the value of a property

1. income income source of individuals, covering income derived from labour
2. payment payment, normally from one or more participants to another
4. tax a tax paid to a governing body for the sales of certain goods and services
6. used to mean a separate legal entity organized to perform an activity
7. a public insurance program that provides health coverage to low income families and individuals
10. income income or compensation derived from personal services in an employment, trade, business, profession
11. country's health insurance program for people aged 65 or older and younger people receiving Social Security disability benefits.
12. United States federal payroll contribution directed towards both employees and employers to fund Social Security and Medicare
15. stock the ordinary stock of a corporation
17. bracket the divisions at which tax rates change in a progressive tax system.