Unit 4 Vocabulary

4. Taxes imposed on imported goods
5. Tax paid by the giver of gists worth more than $12,000
10. A number that you calculate on a form W4 that reduces the amount withheld from your pay
11. A statement of the interest your bank paid on your savings that year
13. Amount you earn before taxes are withheld
15. Tax added to the pricee of goods and services at the time of purchase
16. A set of forms that taxpayers use to calculate their tax obligation
20. Federal law that requires workers and their employers to contributw to Social Security and Medicare
22. Tax on the value of real estate
23. Recurring pattern of ups and downs in a nations business activity
24. A summary of your earnings and your bank paid on your savings that year
25. Tax on property received by the egal heirs when someone dies

1. Goods and services provided by the government that benefit all Americans
2. Employer deductions from employees' earnings to pay employees' tax
3. Amount you recieve after withholdings are subtracted from your gross pay
6. Federa agency responsible for collecting income
7. All the wages,tips, and interest on which you pay taxes
8. Taxes you pay on most types of income you receive
9. Tax included in the price of certain goods and services
12. A unique number assigned to you by the federal government. No one else has this number
14. A form that you fill out to provide the information your employer needs to determine the proper amount to withhold from your paycheck
17. For tax purposes, the people you support financially
18. A share of your workers' earnings paid to the government by workers and their employers
19. The simplest of the basic income tax forms
21. Any expenses you can legally subtract from your income when figuring out your taxes