All About Tax

9. The process by which employers take tax payments out of an employees pay before he or she receives it.
11. Tax on the sale of production of a good.
14. If you paid too little taxes you must____.
15. All tax returns must be filed by when?
16. Tax on money or property given as a gift during the tax year over a set amount.
17. If you pay too much taxes you get a _____.

1. Tax designed to take a larger percentage of income from the wealthy than the poor.
2. Provides funds for older Americans, their survivors, and disability insurance.
3. A tax that takes the same percentage of income from the wealthy and poor.
4. Known as Tariffs, taxes on goods entering the U.S
5. Federal income taxes are collected throughout the course of the year as individuals earn income.
6. Also known as the Income Tax with Tax Brackets.
7. Tax which takes a higher percentage of income from the poor than from the rich.
8. Tax on the total value of money and property of a person who has died.
10. How is Medicare funded?
12. payments people are required to pay to local, state and national governments.
13. What does Federal Insurance Contributions Act stand for.