Economics Vocab

2. after tax pay or take home pay
5. What employees earn before taxes
6. items or amounts constituting a state's income.
7. Also called "paycheck", it is what you get when you are paid
9. money received on a regular basis for working
11. have to file these forms if self employed
13. form for the employer that tells about employee filing status etc.
14. an expense that can be subtracted from a taxpayer's gross income in order to reduce the amount of income that is subject to taxation
16. the tax you pay on your annual income to the federal government

1. Fixed payment from employer to employee (annually paid)
3. tax rate that increases as taxable income icreases
4. illegal nonpayment of taxes
8. lasts from january 1st-15th
9. Forms to verify the identity and employment authorization
10. Federal Insurance Contributions Act
11. tax form used for personal federal income tax returns
12. Fixed payment from employer to employee
13. tax form used in the United States to report wages paid to employees
15. a mandatory payment or charge collected by local, state, and national governments
17. the revenue service for the United States federal government