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      <title>Gallery Walk - Taxes by Steckelberg, Ann-Kathrin</title>
      <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2021-03-23 13:38:10 UTC</pubDate>
      <lastBuildDate>2025-09-04 19:26:20 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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      <item>
         <title>DIFFERENT TYPES OF TAXES- Shashwat Sreenivasan and Bryce Carter</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343600085</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:40:22 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343600085</guid>
      </item>
      <item>
         <title>What can you deduct from your taxes as a business owner?</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343603905</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1098855309/bc7f2532ea5fa257bc631c6c06ae07a8/cartoon_man_with_scissors_cutting_tax_papers.png" />
         <pubDate>2021-03-23 15:40:59 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343603905</guid>
      </item>
      <item>
         <title>W-2s (Gabrielle Gowen &amp; Aryana Mack)</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343610349</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:42:03 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343610349</guid>
      </item>
      <item>
         <title>Filing taxes as head of household / as a single</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343627590</link>
         <description><![CDATA[<div>Filling taxes as head of household/as a single means to meet its requirements of paying for more than half of the household expenses (rent or mortgage, utility bills, insurance, property taxes, groceries, repairs, etc.), considered unmarried for the tax year, and having a qualifying child/dependent.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:44:51 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343627590</guid>
      </item>
      <item>
         <title>Earned income credit (What is it and how does it work?)</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343631060</link>
         <description><![CDATA[<div>(AMALIA GONZALEZ &amp; HANNAH HILAL)</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:45:24 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343631060</guid>
      </item>
      <item>
         <title>Forms of Taxes </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343662698</link>
         <description><![CDATA[<div>- Different types of taxes can be deducted from your "taxes". Taxes like: state and local income tax, real estate taxes, property tax, etc. Up to $10,000 can be written off these different type of taxes  </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:50:47 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343662698</guid>
      </item>
      <item>
         <title>1. Own a home office</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343672785</link>
         <description><![CDATA[<div>Having office space in your home saves you from mortgage interest, insurance, and repairs </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:52:27 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343672785</guid>
      </item>
      <item>
         <title>1099 </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343674258</link>
         <description><![CDATA[<div>1099 forms are used by contractors to report payments made through business or other services.<br><br>Contractors have to fill out a form mentioning all of the payments they have made to employers or even subcontractors so that they can be taxed correctly instead of incorrectly.</div>]]></description>
         <enclosure url="https://filemytaxesonline.org/wp-content/uploads/2018/07/1099.png" />
         <pubDate>2021-03-23 15:52:37 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343674258</guid>
      </item>
      <item>
         <title>2. Marketing</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343678855</link>
         <description><![CDATA[<div>Any money that you spend to advertise your business can be 100% deductible on your tax return as long as the money was for promoting your business</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:53:25 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343678855</guid>
      </item>
      <item>
         <title>Filing Taxes: Separately or Jointly? </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343683339</link>
         <description><![CDATA[<div>Should Married couples file taxes Separately or Jointly (Together)?<br><br><strong>Team Members:</strong><br>Patrick Baker &amp; Brandon Hill</div>]]></description>
         <enclosure url="https://s.wsj.net/public/resources/images/BN-HE112_jointf_G_20150227160651.jpg" />
         <pubDate>2021-03-23 15:54:11 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343683339</guid>
      </item>
      <item>
         <title>Filing taxes as a dependent (how does it work/ etc.), and who is considered a dependent? </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343691965</link>
         <description><![CDATA[<div>When your parents claim you as a dependent on their taxes they get certain tax benefits. As a dependent you're not allowed those same benefits if you were to file your taxes because you have a source of income.  </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:55:40 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343691965</guid>
      </item>
      <item>
         <title>Earned Income Tax </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343698164</link>
         <description><![CDATA[<div>Watch this video to learn more about Earned Income Tax and if you or your family qualify: </div>]]></description>
         <enclosure url="https://www.youtube.com/watch?v=2D2gQIrHUVI" />
         <pubDate>2021-03-23 15:56:40 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343698164</guid>
      </item>
      <item>
         <title>The Pros Vs. Cons of Filing Separately </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343699201</link>
         <description><![CDATA[<div><strong>Pros: </strong><br>It can lower your student loan.<br>It allows you to refund your liability from your spouse.<br><br><strong>Cons:</strong><br>You might miss out on tax credits or deductions.<br>Your taxes might be higher if your spouse earns an unequal amount of money to you.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:56:50 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343699201</guid>
      </item>
      <item>
         <title>The Pros Vs. Cons of Filing Jointly</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343701575</link>
         <description><![CDATA[<div><strong>Pros: <br></strong>Higher standard deduction becomes available.<br>Higher Refund.<br>You become eligible for tax credits.<br><br><strong>Cons:<br></strong>Responsible for spousal debt.<br>Student loans increase and school funding decrease. </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:57:13 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343701575</guid>
      </item>
      <item>
         <title>Comparing the Two.</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343702782</link>
         <description><![CDATA[<div>When you file taxes separately, you get a lower student loan payment, but when you file jointly you have a higher income celling.&nbsp;<br><br>Lets say you make $20,000 a year and your spouse makes $80,000. It would be better to file under separately because your tax rate would be 12% of $20,000, compared to their tax rate of 22% of $80,000. If you filed Jointly, your total earnings a year would be<br>$100,000, meaning the tax rate would be 22%.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:57:25 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343702782</guid>
      </item>
      <item>
         <title>Summary:</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343704572</link>
         <description><![CDATA[<div>Both of them have their separate perks. If you're a student who needs every benefit they can get, pick Filing Separately, if you're a hard working businessperson then pick Filing Jointly.&nbsp;</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:57:44 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343704572</guid>
      </item>
      <item>
         <title>3. Office supplies </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343708883</link>
         <description><![CDATA[<div>Owning a business always comes with the need for basic office supplies. Same with marketing, whatever money you spent on supplies can be fully deducted from your tax returns</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 15:58:26 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343708883</guid>
      </item>
      <item>
         <title>4. Cars </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343726047</link>
         <description><![CDATA[<div>Cars are an everyday use in the world today. Small business owners use vehicles to get stuff done. If proven to the IRS that you vehicle is for business purposes, Tax deduction can be taken off of that. The amount of deduction you can receive is based on how many miles driven</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:01:20 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343726047</guid>
      </item>
      <item>
         <title>5. Business meals</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343744930</link>
         <description><![CDATA[<div>When you go on your lunch break or host an office party for you and your employees, it's eligible for deductions. Regular meal breaks can be 50% deducted and any office event that involves providing food is 100% deductible</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:04:39 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343744930</guid>
      </item>
      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343751380</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1098864769/3bd537199656116bca86dc3b0c22bf99/Dependents_TY20.pdf" />
         <pubDate>2021-03-23 16:05:46 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343751380</guid>
      </item>
      <item>
         <title>6. Insurance</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343784377</link>
         <description><![CDATA[<div>Any insurance you bought towards your business can be 100% deductible. It may be property coverage, liability coverage, health insurance for employees, auto insurance, etc.  </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:11:11 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343784377</guid>
      </item>
      <item>
         <title>7. Legal and professional fees </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343816638</link>
         <description><![CDATA[<div>Spending money on lawyers, accountants, tax preparers, and online bookkeeping for your business can be deducted 100%</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:16:31 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343816638</guid>
      </item>
      <item>
         <title>sources</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343831924</link>
         <description><![CDATA[<div>https://www.irs.gov/businesses/small-businesses-self-employed/forms-and-associated-taxes-for-independent-contractors<br><br>https://www.sjgorowitz.com/need-to-file-1099-misc-for-2018-what-you-need-to-know/<br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:19:02 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343831924</guid>
      </item>
      <item>
         <title>Earned Income Tax Calculator! </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343833671</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.bankrate.com/calculators/tax-planning/earned-income-tax-credit-calculator.aspx" />
         <pubDate>2021-03-23 16:19:19 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343833671</guid>
      </item>
      <item>
         <title>A short Infographic on Earned Income Tax: </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343860716</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1043895564/8e26350f2f9573211e85b7f2e6d7af53/earned_income_tax_.pdf" />
         <pubDate>2021-03-23 16:23:57 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343860716</guid>
      </item>
      <item>
         <title>Sources: </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343864332</link>
         <description><![CDATA[<div>https://www.nerdwallet.com/article/taxes/can-you-take-earned-income-tax-credit#:~:text=For%20the%202020%20tax%20year,how%20many%20children%20you%20have.<br><br>https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit-eitc</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:24:34 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343864332</guid>
      </item>
      <item>
         <title>What it means for you as a worker if you receive a 1099 as opposed to a W-2</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343866418</link>
         <description><![CDATA[<div>A 1099 form is usually used to report payment transactions that are made to contractors and the W-2s are usually just used for just employees.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:24:56 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343866418</guid>
      </item>
      <item>
         <title>Sources</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343897766</link>
         <description><![CDATA[<div>https://squareup.com/us/en/townsquare/1099-vs-w2-which-do-you-want#:~:text=1099s%20and%20W%2D2s%20are,payroll%20taxes%20from%20their%20earnings).</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-23 16:30:14 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1343897766</guid>
      </item>
      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350659829</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://pics.me.me/i-dont-always-cry-but-when-ido-i-am-doing-11363611.png" />
         <pubDate>2021-03-25 00:47:57 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350659829</guid>
      </item>
      <item>
         <title>Taxes and what are they </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350665666</link>
         <description><![CDATA[<div>Literal definition from investopedia: Taxes are involuntary fees levied on individuals or corporations and enforced by a government entity—whether local, regional or national—in order to finance government activities. [1]</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 00:50:05 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350665666</guid>
      </item>
      <item>
         <title>Who and why do we Pay taxes- </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350673690</link>
         <description><![CDATA[<div>We pay taxes basically to fund the state and national government. We also pay it to fund services and for protection.<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 00:52:56 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350673690</guid>
      </item>
      <item>
         <title>The many types of taxes- </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350681997</link>
         <description><![CDATA[<div>According to a financial blog article smart asset [2],  there are thousands of types of taxes. I'm pretty sure there's going to be a tax when we go to the restroom or go down the stairs and probably going on boats, dumping tea. Here is the list below with descriptions: </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 00:55:54 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1350681997</guid>
      </item>
      <item>
         <title>Filing taxes as a single</title>
         <author>1618954</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1351047393</link>
         <description><![CDATA[<div>To file taxes as a single means to be unmarried on the last day of the year or to be legally separated from a spouse under a divorce. (Could be better off filing as head of household due to lower tax bill)</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 03:18:30 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1351047393</guid>
      </item>
      <item>
         <title></title>
         <author>1618954</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1351067199</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1102398916/06f94003930f048a5827cccb1b5d2100/sm11a_1040a.gif" />
         <pubDate>2021-03-25 03:27:17 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1351067199</guid>
      </item>
      <item>
         <title>Form W-2 </title>
         <author>14112310</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353517035</link>
         <description><![CDATA[<div>A form w-2 is a tax form that is used to file federal and state taxes. It shows a specific amount of taxes that will be withheld from a paycheck for the year. </div>]]></description>
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         <pubDate>2021-03-25 15:38:32 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353517035</guid>
      </item>
      <item>
         <title>Filing Your Taxes (Jack Middleton &amp; July Crawford)</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353526917</link>
         <description><![CDATA[<div>When filing your taxes, there are many different ways that you can approach it. You can collect your tax documents and bring them to a professional, or you can save the money and do them yourself. Regardless of which method you choose, it is important to remember that the deadline for filing your taxes is April 15th every year.</div>]]></description>
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         <pubDate>2021-03-25 15:40:20 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353526917</guid>
      </item>
      <item>
         <title>About the Form W-2</title>
         <author>14112310</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353529249</link>
         <description><![CDATA[<div>It is required by the IRS for employers to report wage and salary information on the Form W-2. The form is sent by January 31st at the beginning of the year and closes at the end of the tax year, which is December 31st. This form is only sent out to people who are employees.&nbsp;<br>Source: </div>]]></description>
         <enclosure url="https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5" />
         <pubDate>2021-03-25 15:40:45 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353529249</guid>
      </item>
      <item>
         <title>Standard Deduction</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353553035</link>
         <description><![CDATA[<div>These are the standard deduction that people can have on their taxes.</div>]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1103729551/4682e9fa4f1d00cb872189de1e6f73b9/1140_standard_deductions_no_source_web.jpg" />
         <pubDate>2021-03-25 15:44:49 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353553035</guid>
      </item>
      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353557023</link>
         <description><![CDATA[<div>1099 are very important when if comes to a contractors job, because without them the rates of what they are paying could be all messed up and that would be very good or them or their companies.</div>]]></description>
         <enclosure url="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcThE8-kJ8ppyfiuGPxTAyYuCS0BNWc8K7gNDw&amp;usqp=CAU" />
         <pubDate>2021-03-25 15:45:30 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353557023</guid>
      </item>
      <item>
         <title>About the Form W-2 (continued)</title>
         <author>14112310</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353557109</link>
         <description><![CDATA[<div>The Form W-2 is also known as the Wage and Tax Statement. <strong>Some main points about the W-2:</strong><br> - it reflects the income earned and taxes withheld from the year before for each employee.<br>- the employers use this form to report FICA taxes. <strong>(Federal Insurance Contributions Act): a law that mandates a payroll tax on paychecks of employees and contributions from employers, which is used as funding for Social Security and Medicare.</strong><br>- the form is tracked by the IRS to see other's tax requirements or obligations.&nbsp;<br>Source: https://www.investopedia.com/terms/w/w2form.asp</div>]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1098905821/d6b4257b1e40044aab35c69f3542c245/modern_office_buildings_cartoon_style_vector_19747295.jpg" />
         <pubDate>2021-03-25 15:45:31 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353557109</guid>
      </item>
      <item>
         <title>Definition of Standard Deduction</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353572301</link>
         <description><![CDATA[<div>Standard deduction is the portion of  a person income that isn't subjected to tax. Which can lower your tax bill. </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 15:48:16 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353572301</guid>
      </item>
      <item>
         <title>Tax Refunds</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353572533</link>
         <description><![CDATA[<div>Once your taxes have been filed, you will be eligible to receive your tax refund. A tax refund is a payment made to a taxpayer that has paid more than they owe. Tax refunds may be received in as little as 8 days after your taxed have been filed, and the average refund in Florida is $2844.</div>]]></description>
         <pubDate>2021-03-25 15:48:19 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353572533</guid>
      </item>
      <item>
         <title></title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353583751</link>
         <description><![CDATA[<div>As stated above, some people decide to file their own taxes. This can be a complicated process so here is a video explaining more in depth how to do it step by step.</div>]]></description>
         <enclosure url="https://www.youtube.com/watch?v=xaYX4RX_MS0" />
         <pubDate>2021-03-25 15:50:18 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353583751</guid>
      </item>
      <item>
         <title>What can be deducted from taxes?</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353586411</link>
         <description><![CDATA[<div>Before you can have the deduction off of your tax bill you have to choose between a standard deduction and an itemized deduction.&nbsp;<br>When you do get the deduction it is going to be based off of many things, such as your age, filing status, health, and other criteria.&nbsp;<br>If you choose the itemized deduction then you can have charity donations, sales tax, mortgage interest, real estate taxes, and couple other taxes.&nbsp;<br><br></div>]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1103729551/bb0b2f1be075c3a0c250dc25ba001631/Splitting_Contributions.png" />
         <pubDate>2021-03-25 15:50:48 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353586411</guid>
      </item>
      <item>
         <title>Sources</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353599251</link>
         <description><![CDATA[<div>https://www.cnet.com/personal-finance/taxes/hey-irs-wheres-my-refund-heres-how-to-track-your-2020-tax-return-status/<br><br>https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free<br><br>https://www.efile.com/tax-day-deadlines/#:~:text=The%202018%20Return%20refund%20deadline,and%20to%20claim%20your%20refund.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 15:53:14 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353599251</guid>
      </item>
      <item>
         <title>Information Included in the W-2 Form</title>
         <author>14112310</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353607724</link>
         <description><![CDATA[<div>Information from the employer, employee, and/or business is needed in a W-2 form, here's what's needed from them.<br><strong>Business Information:<br>- employer ID number<br>- business name and address<br>- business' state tax ID number<br>Employee Information: <br>- social security or tax identification number<br>- name and address<br>Employee Earnings Information:<br>- total wage, tip income, or other income<br>- total SS wages<br>- total Medicare wages<br>- SS tips &amp; other tips<br></strong>Source: https://www.thebalancesmb.com/what-is-a-w-2-form-398522 </div>]]></description>
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         <pubDate>2021-03-25 15:54:48 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353607724</guid>
      </item>
      <item>
         <title>what is a contractor</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353651994</link>
         <description><![CDATA[<div>A contractor is a person who pays people do do jobs such as construction and going all they was to tech work. These people get paid on conditions that have been predetermines, whether it is hourly or by how much work was completed. Contractors get effected by taxes by them being listed as independently employed meaning they will be taxed in different ways as well as having to fill out tax return form to the IRS.<br><br><br></div>]]></description>
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         <pubDate>2021-03-25 16:02:42 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353651994</guid>
      </item>
      <item>
         <title>Form W-2 Example</title>
         <author>14112310</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353666043</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1098905821/aded5ba292380ea74350ee22bb4123c4/screenshot_www_facebook_com_2020_01_2.png" />
         <pubDate>2021-03-25 16:05:14 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353666043</guid>
      </item>
      <item>
         <title>Resources: </title>
         <author>14112310</author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353670659</link>
         <description><![CDATA[<div><a href="https://www.irs.gov/forms-pubs/about-form-w-2">https://www.irs.gov/forms-pubs/about-form-w-2</a>&nbsp;<br><a href="https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5">https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5</a><br><a href="https://www.investopedia.com/terms/w/w2form.asp">https://www.investopedia.com/terms/w/w2form.asp</a><br><a href="https://www.thebalancesmb.com/what-is-a-w-2-form-398522">https://www.thebalancesmb.com/what-is-a-w-2-form-398522</a><br><a href="https://www.investopedia.com/terms/f/fica.asp">https://www.investopedia.com/terms/f/fica.asp</a></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:06:02 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353670659</guid>
      </item>
      <item>
         <title>Consumption Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353692666</link>
         <description><![CDATA[<div>tax on the money people spent and not on the money that people earn. Most commonly known consumption taxes is "Sales Tax". Taxes on specific goods are also consumption taxes and even some government officials usually propose a federal consumption tax. </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:09:50 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353692666</guid>
      </item>
      <item>
         <title>Special Considerations </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353696861</link>
         <description><![CDATA[<div>Your standard deduction can be higher if you fall under different categories. So if you were blind your standard deductions increases by $1,650. Another is if you or your spouse (If you have filed as married &nbsp; filing jointly) is over 65 years of age your standard deduction increases by $1,300.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:10:33 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353696861</guid>
      </item>
      <item>
         <title>sources</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353713636</link>
         <description><![CDATA[<div>https://smartasset.com/taxes/independent-contractor-taxes#:~:text=For%20tax%20purposes%2C%20the%20IRS,employment%20are%20%24400%20or%20more.<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:13:18 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353713636</guid>
      </item>
      <item>
         <title>Regressive tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353725336</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:15:30 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353725336</guid>
      </item>
      <item>
         <title>Proportional Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353726259</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:15:42 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353726259</guid>
      </item>
      <item>
         <title>VAT tax aka Ad VALOREM</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353727198</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:15:54 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353727198</guid>
      </item>
      <item>
         <title>Property Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353728517</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:16:08 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353728517</guid>
      </item>
      <item>
         <title>Capital Gains Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353729641</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:16:19 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353729641</guid>
      </item>
      <item>
         <title>Payroll Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353730532</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:16:29 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353730532</guid>
      </item>
      <item>
         <title>Income Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353730995</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:16:34 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353730995</guid>
      </item>
      <item>
         <title>Other types of taxes</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353732353</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:16:50 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353732353</guid>
      </item>
      <item>
         <title>SOURCIES </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353733450</link>
         <description><![CDATA[<div>[2]- https://smartasset.com/taxes/types-of-taxes&nbsp;<br>[1]- https://www.investopedia.com/terms/t/taxes.asp </div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:17:01 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353733450</guid>
      </item>
      <item>
         <title>8. Travel</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353783758</link>
         <description><![CDATA[<div>Many business owners and their employees have to travel for meetings and other things of that nature. As a business owner, travel expenses can be deducted as long as their is proof with kept records of your travels that prove it is business related.</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 16:26:10 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1353783758</guid>
      </item>
      <item>
         <title>What are the effects of deductions?</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355195201</link>
         <description><![CDATA[<div>The deduction allows for you to have to pay less on your tax bill.<br>Standard deduction insures that households that only have incomes above a certain amount will own any income tax.&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-25 22:29:23 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355195201</guid>
      </item>
      <item>
         <title>Itemized Deduction</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355398227</link>
         <description><![CDATA[<div>For itemized deduction there is a limit for the amount of money you can have deducted. Such as you can only claim a $300 charitable donation for your deduction, and if you are married and you are filing together then you can have up to a $600 deducted. They could deduct their entire property tax, but they have to choose whether they want to deduct their sales tax or their income tax and their sales tax. There wasn't a max for the amount you could deduct, but the TCJA capped the max SALT deduction at $10,000. </div>]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1104407961/6fcf76e59c9057912a8eb26157fada53/Graphic_4d2.png" />
         <pubDate>2021-03-26 00:19:31 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355398227</guid>
      </item>
      <item>
         <title>Sources </title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355458389</link>
         <description><![CDATA[<div><br></div><ul><li><a href="https://www.aarp.org/money/taxes/info-2019/tips-on-deducting-charitable-donations.html">https://www.aarp.org/money/taxes/info-2019/tips-on-deducting-charitable-donations.html</a></li><li><a href="https://www.irs.gov/help/ita/how-much-is-my-standard-deduction">https://www.irs.gov/help/ita/how-much-is-my-standard-deduction</a></li><li><a href="https://www.investopedia.com/terms/s/standarddeduction.asp">https://www.investopedia.com/terms/s/standarddeduction.asp</a></li><li><a href="https://clarknuber.com/articles/the-change-in-the-standard-deduction-affects-charitable-giving/">https://clarknuber.com/articles/the-change-in-the-standard-deduction-affects-charitable-giving/</a></li><li><a href="https://longislandtax.net/how-the-cap-on-itemized-deductions-for-salt-change-your-tax-burden/">https://longislandtax.net/how-the-cap-on-itemized-deductions-for-salt-change-your-tax-burden/</a></li><li><a href="https://www.taxpolicycenter.org/briefing-book/what-standard-deduction#:~:text=The%20standard%20deduction%20reduces%20a,and%20the%20taxes%20they%20owe.">https://www.taxpolicycenter.org/briefing-book/what-standard-deduction#:~:text=The%20standard%20deduction%20reduces%20a,and%20the%20taxes%20they%20owe.</a></li></ul>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-26 00:40:30 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355458389</guid>
      </item>
      <item>
         <title>MUNEH MUNEH</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355468700</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://gfycat.com/greatspryiberianemeraldlizard" />
         <pubDate>2021-03-26 00:43:59 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1355468700</guid>
      </item>
      <item>
         <title>How to write off expenses on your taxes</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1356846536</link>
         <description><![CDATA[<div>Business write offs are included in your annual income tax returns. In order to submit write offs to the IRS, you need to have a profitable business. Small businesses usually fill out the form of Schedule C. When you do your write offs, it's good to properly categorize your deductions offered by the IRS. Be prepared by keeping backup documentation for all business expenses and after, keep these records for at least 3 years after you file for return. &nbsp;</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-26 12:19:28 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1356846536</guid>
      </item>
      <item>
         <title>Group Members:</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1357756776</link>
         <description><![CDATA[<div>Xavier Perez<br>Geraldine Torres de Alba</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-03-26 15:43:44 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1357756776</guid>
      </item>
      <item>
         <title>Sources:</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1357845677</link>
         <description><![CDATA[<div><a href="https://www.investopedia.com/terms/s/single.asp">https://www.investopedia.com/terms/s/single.asp</a><br><br><a href="https://turbotax.intuit.com/tax-tips/family/guide-to-filing-taxes-as-head-of-household/L4Nx6DYu9">https://turbotax.intuit.com/tax-tips/family/guide-to-filing-taxes-as-head-of-household/L4Nx6DYu9</a><br><br></div>]]></description>
         <pubDate>2021-03-26 16:03:25 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1357845677</guid>
      </item>
      <item>
         <title>Sales Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1518796647</link>
         <description><![CDATA[<div>A sales tax is a tax payable on such products and services to a regulating authority. Usually the legislation allows the vendor at the point of sales to collect the consumer's tax funds. Where a buyer actually pays a tax on products or services to a lead authority, it is also referred to as a tax on use. - bryce carter</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-05-12 18:43:39 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1518796647</guid>
      </item>
      <item>
         <title>Corporate Tax</title>
         <author></author>
         <link>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1518801933</link>
         <description><![CDATA[<div>Corporate tax is often a direct tax on revenue or capital of corporate companies or similar legal entities, and is also known as corporate tax or corporate tax. These taxes may be levied at national level by certain countries and a similar tax can be imposed at national or local level. - bryce carter</div>]]></description>
         <enclosure url="" />
         <pubDate>2021-05-12 18:45:06 UTC</pubDate>
         <guid>https://padlet.com/steckeaz/7njeq83cvnoxnec7/wish/1518801933</guid>
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