Unit 5 Taxes

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Across
  1. 1. A form where employees choose how much tax to withhold from their paycheck
  2. 7. The government agency that collects taxes
  3. 9. A review of your tax return by the IRS to check for accuracy
  4. 10. Specific expenses you list to reduce your taxable income
  5. 15. A tax system where higher incomes are taxed at higher rates
  6. 18. Money taken from your paycheck for taxes before you get it
  7. 19. Money you get back if you paid more tax than you owed
  8. 21. A set amount you can subtract from your income to reduce taxes
  9. 22. The number on the W-4 that affects how much tax is withheld
  10. 23. A form employers give to show how much an employee was paid and taxed
  11. 25. A form used to report income from self-employment or freelance work
Down
  1. 2. That part of your income that the government can tax
  2. 3. When the government collects more money than it spends
  3. 4. People you support financially, like children, that can lower your taxes
  4. 5. When the government spends more money than it collects
  5. 6. All the money you earn before anything is taken out
  6. 8. Status Your category when you file taxes, like single or married
  7. 11. A form used to file an individual income tax return
  8. 12. A tax system where everyone pays the same percentage of income
  9. 13. A tax that helps fund retirement and disability benefits
  10. 14. A tax that helps pay for healthcare for people over 65
  11. 16. A tax system that takes a larger percentage from low-income people
  12. 17. A form used to report income from self-employment or freelance work
  13. 20. A plan for how the government will spend and collect money
  14. 24. The money you take home after taxes and deductions