Taxes Flashcards
1
Q
Tax evasion
A
failing to pay taxes
2
Q
sales taX
A
regressive tax
3
Q
form of summarized taxes from employer
A
W2
4
Q
IRS inspects taxes
A
audit
5
Q
after filing taxes for the first time, how often do you have to do it
A
every year, including your death year
6
Q
tax credit
A
reduction in owed taxes
7
Q
do all states have income tax
A
No; nebraska does tho
8
Q
options to file
A
single
married
jointly
9
Q
IRS will only contact you how
A
actual mail
10
Q
top site to do taxes
A
turbo tax
11
Q
income tax is. . .
A
progressive
12
Q
deadline to file
A
april 15th
13
Q
IRS
A
internal revenue service
14
Q
form to file taxes
A
1040
15
Q
it audited, how long to respond
A
30 days
16
Q
standard deduction
A
14,600
17
Q
average tax rate for ne income
A
3.5
18
Q
if audited IRS can look back how long
A
3 years
19
Q
form to fill out when you start working
A
w4
