Unit 2 Chapter 1 Vocab

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Across
  1. 4. IRS tax form filled out by employees to indicate their tax situation to employer
  2. 5. Must be filled out if you are self employed or an individual contractor
  3. 6. money that an individual or business receives in exchange for service
  4. 8. Required payment to local,state,or national government
  5. 12. Income received from taxes by a government
  6. 13. Cash amounts taken out of the employees gross' wages
  7. 15. Money earned before deductions
  8. 18. illegal activity in which a person or entity deliberately avoids paying a true tax liability
  9. 19. Tax period or tax season
Down
  1. 1. US taxpayers use to file their annual income tax return
  2. 2. compensation quoted on daily basis
  3. 3. Form that requires employers to report wage and salary information for employees
  4. 6. Verifies identity and employment authorization of individuals hired for employment in the US
  5. 7. employee compensation based on # of hours worked x hourly rate of pay
  6. 9. Money you can actually take home after deductions
  7. 10. collects income taxes for Federal government
  8. 11. Provides for national programs (law enforcement,veterans and foreign affairs)
  9. 14. federal taxes
  10. 16. Provided with each paycheck and shows amount of money employee earned and the amount removed for deductions
  11. 17. federal payroll tax that is deducted' [ from each paycheck for Medicare and SS