Across
- 3. employee compensation that is based on the number of hours worked multiplied by an hourly rate of pay
- 4. the most common official document that U.S. taxpayers use to file their annual income tax return
- 7. a tax that provides for national programs such as national defense, veterans and foreign affairs, social programs, law enforcement, and interest on the national debt
- 9. the money you actually get to take home and spend after deductions
- 10. service that collects income taxes for the federal government
- 11. IRS tax form that is filled out by employees to indicate their tax situation to their employer; tells the employer the amount of tax to withhold from an employee's paycheck based on their marital status, number of allowances and dependents, and other factors
- 12. a document that is provided with each paycheck and that shows the amount of money that the employee earned and the amount that was removed for deductions
- 13. verifies the identity and employment authorization of individuals hired for employment in the US; all US employers must complete this form for everyone they hire
- 14. income receive from taxes by a government
- 15. money that an individual or business receives, usually in exchange for providing a good or service or through investing capital
- 17. cash amounts taken out of the employee’s gross wages that include taxes and contributions
- 19. the time period when individual taxpayers prepare financial statements and reports for the previous year and submit their tax returns
Down
- 1. federal payroll tax that is deducted from each paycheck for Medicare and Social Security
- 2. the alternate form for a w-2 form if you are an independent contractor or self-employed where you receive your earnings statement
- 5. higher rates of tax on higher levels of income
- 6. the money you earn before any deductions
- 8. form where employers report wage and salary information for employees
- 16. an illegal activity in which a person or entity deliberately avoids paying a true tax liability.
- 18. employee compensation quoted on an annual basis, such as $50,000 per year
- 19. a required payment to a local, state, or national (federal) government