https://padlet.com/allison_h_schaupp/5ofbzrp32054 en-us 2018-10-09 12:39:33 UTC 2018-10-10 14:31:42 UTC hello@padlet.com allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290691414 A W-2 form is the one you receive in the mail by the end of January. 

I got my W-2 form after working at McDonalds for a year. ]]> 2018-10-09 12:41:15 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290691414 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290691751 The form you will receive when you begin a new job. You decide your tax deductions on this form. 

You need to recieve your W-4 before you begin working.]]> 2018-10-09 12:41:44 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290691751 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290692783 A simple tax form used to file for you federal income taxes. 

If you don't claim any dependents, you could be eligible for a 1040EZ. ]]> 2018-10-09 12:43:21 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290692783 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290694136 money that substitutes for wages or salary, paid to recently unemployed workers under a program administered by a government or labor union.

Unemployment Compensation is paid in intervals. ]]> 2018-10-09 12:45:42 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290694136 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290695760 a measure of income calculated from your gross income and used to determine how much of your income is taxable

Your AGI could increase if your gross income increases. ]]> 2018-10-09 12:47:09 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290695760 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290696542 the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year

Your taxable income increases as your income increases. ]]> 2018-10-09 12:48:26 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290696542 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290697157 is the IRS tax form used to report interest income

The minimum interest paid to trigger a Form 1099-INT is $10]]> 2018-10-09 12:49:31 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290697157 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290697811 the difference between taxes paid and taxes owed.

If the difference is negative, you could earn money back. ]]> 2018-10-09 12:50:37 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290697811 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290698145 the total amount of tax debt owed by an individual, corporation or other entity to a taxing authority

If you don't pay these taxes, you could face government punishments. ]]> 2018-10-09 12:51:16 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290698145 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290698870 money derived from payed work. 

Some jobs are chosen solely based on their salary. ]]> 2018-10-09 12:52:35 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290698870 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290699266 The Internal Revenue Service is a bureau of the Department of Treasury that is tasked with the enforcement of income tax laws and oversees the collection of federal income taxes.

All the taxes you pay are given to the IRS. ]]> 2018-10-09 12:53:24 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290699266 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290699795 an examination of your tax return by the IRS to verify that your income and deductions are accurate.

Tax Audits are used to check your work. ]]> 2018-10-09 12:54:18 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290699795 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290700246 any tax on real estate or certain other forms of property

I have property tax on my house. ]]> 2018-10-09 12:55:02 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290700246 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290701579 a tax on sales or on the receipts from sales.

I have to pay sales tax every time I shop.]]> 2018-10-09 12:57:16 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/290701579 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291216678 tax assessed and levied by a local authority such as a state, county or municipality

The state needs to asses local tax.]]> 2018-10-10 13:11:59 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291216678 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291217408 a tax that you pay to the government of a state rather than to the national government

I pay my state taxes to government of Illinois. ]]> 2018-10-10 13:13:09 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291217408 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291217720 a tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.

Your federal tax depends on your income.]]> 2018-10-10 13:13:39 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291217720 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291218228 investments on which applicable taxes (typically income taxes and capital gains taxes) are paid at a future date instead of in the period in which they are incurred.

You might get a tax deffered if you can't pay it immedietly. ]]> 2018-10-10 13:14:16 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291218228 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291218913  an exemption made to both individual taxpayers and businesses that are unable to file a tax return by the due date

Tax extension is used to extend the due date. ]]> 2018-10-10 13:15:21 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291218913 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291269559 a tax imposed on someone who inherits property or money

If you own a home, you are charged with Inheritance tax. ]]> 2018-10-10 14:28:47 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291269559 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291270158 a federal tax applied to an individual giving anything of value to another person

The giver of the gift must pay the gift tax. ]]> 2018-10-10 14:29:33 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291270158 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291270676 a tax levied on the net value of the estate of a deceased person before distribution to the heirs

Once someone dies, the estate tax is evaluated]]> 2018-10-10 14:30:12 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291270676 allison_h_schaupp https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291271203 a tax on items considered undesirable or harmful. 

Some items that have a sin tax are tobacco and alcohol. ]]> 2018-10-10 14:30:53 UTC https://padlet.com/allison_h_schaupp/5ofbzrp32054/wish/291271203