Across
- 3. illegal activity where someone deliberately avoids paying a true tax liability
- 6. form for independent contractors or self-employed get a _____ instead of a W-2
- 7. requirment for employers to report wage and salary info for employees on W-2 form
- 9. service that collects income taxes for the federal government
- 11. the amount deducted from each paycheck for the Federal Insurance Contributions Act
- 14. federal taxes with higher rates of tax on higher levels of income
- 17. provides for national programs
- 18. money you earn before any deductions
Down
- 1. money you actually get to take home and spend after deductions
- 2. a required payment to a local state or national/federal government
- 4. verifies identity and employment authorization of individuals hired for employment in the U.S
- 5. most common official document that U.S taxpayers use to file their annual income tax return
- 8. income received from taxes by a government
- 9. money that an individual/business receives (usually in exchange for providing a good/service or through investing capital)
- 10. IRS tax form that is filled out by employees to indicate their tax situation to their employer (the amount of tax to withhold from an employees paycheck)
- 12. cash amounts taken out of employee's gross wages for taxes, health, or retirement benefits
- 13. employee compensation that is based on the number of hours worked multiplied by an hourly rate of pay
- 14. document provided with each paycheck that shows the amount of money that the employee earned and the amount that was removed for deductions
- 15. employee compensation quoted on an annual basis
- 16. when individual taxpayers prepare financial statements and reports for the previous year (AKA tax season)