Income Tax

4. tax form employees use to tell their employer how much federal income tax to withhold from their paychecks
6. a set amount of money an individual earns for work completed.
8. the total amount of money earned after taxes and deductions are taken out of an employee's paycheck
10. a tax break for low to moderate income workers and families
13. internal revenue service
15. a person that is supported by another person financially
16. the fee someone pays you to be able to borrow money
17. any purchase or expense that reduces the overall amount of money that you earn
18. items that reduce the actual amount of taxes you need to pay
19. any form of money, property, or services that you earn or receive

1. a tax break for educational expenses for qualifying students for any class after high school.
2. compensation that is added to a salary
3. tax form employers are required to send their employees each year.
5. federal government charges a tax on the money people earn while working
7. an amount of money that the IRS sets each year that can be subtracted from your income before calculating the taxes you owe.
9. the total amount of money earned before taxes and deductions are taken out of an employee's paycheck
11. money withheld from an employee's paycheck and used for federal, state, and local needs.
12. money that is awarded to a person to pay for loss, injury, or suffering
14. money charged at the state level on income you earn while working