Tax Terminology

2. Tax ________ is used to file your taxes electronically. (E.g., TurboTax, HR Block, TaxAct)
4. Reccuring length of time over which an employee is paid.
5. A I9 is the form that proves you are ________ to work in the U.S.
6. The deadline for your employer to send you a W2 is _______ 31st.
7. Federal government agency responsible for collecting revenue.
9. When you add up all your personal deductions for the year you _______ your deductions.
11. A government program that collects taxes for Social Security and Medicare (aka payroll taxes).
14. If your tax situation is complicated or you don't have time, you might hire a tax ____________. Known as Certified Public Accountants (CPA) or Enrolled Agents (EA).
16. A 1099 is a form given to you if you worked for an individual or business that wasn't your ________.
18. Record per pay period of wages, income taxes withheld, payroll taxes, and benefit/retirement deductions.
21. This payroll tax taxes 6.5% of your gross income.
22. Total amount of money that you pay taxes on.

1. Total money earned per year.
3. This payroll tax taxes 1.45% of your gross income.
8. 90% of tax filers choose to take this deduction.
10. These reduce your actual amount of taxes you owe.
12. A 1040 is used to ____ your federal income tax return by paper.
13. A W2 is a summary of your total _____ from one job over the year.
15. Amounts that reduce your taxable income.
17. A W4 is the form that you fill out so your employer can ________ the correct amount of federal income tax.
19. The deadline to file your taxes is _____ 15th.
20. When deciding between the standard deduction or itemizing your deductions, you cannot choose ____.