Taxes Flashcards
1
Q
W- 4
A
Allows employer to know how much $$$ to withhold for taxes
Pay attention!!! U will need to fill out your own
2
Q
W-2
A
Reports wage and salary to IRS
- helps with tax return (KEEP)
- employer fills out
3
Q
1099-INT
A
- reports interest from banks/ brokers
- will be given to from them
4
Q
1040EZ
A
- receive ur money u originally earned from company from ur paycheck
- u fill out
5
Q
W2s, and 1099-INTs should be posted by
A
Jan 31
6
Q
Taxes are due
A
April 19
Don’t wait till last minute!!
7
Q
Regressive taxes
A
Hurt lower income
8
Q
Proportional Taxes
A
Affects everyone equally
9
Q
Progress taxes
A
Affect richer people
10
Q
Direct
A
Income
11
Q
Indirect
A
Sales
