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Taxes

Published on Nov 19, 2015

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PRESENTATION OUTLINE

TAXES

MONEY GIVEN TO THE GOVT. TO SUPPORT US

COMMUNITY

A GROUP OF PEOPLE WHO WORK TOGETHER

BENEFITS OF TAXES

PAY FOR ROADS, PUBLIC SCHOOLS, FIRE DEPARTMENT, ETC.

INCOME TAX

TAX ON EARNED AND UNEARNED INCOME

PAYROLL TAX

A TAX SUPPORTING SOCIAL SECURITY AND MEDICARE

PROPERTY TAX

TAX ON LAND, BUILDIMGS, AND MOTORVEHICLES

SALES TAX

TAX ON ITEMS PURCHASED IN RETAIL STORES

EXCISE TAX

CONSUMPTION ITEMS

W-2 FORM

STATES HOW MUCH MONEY IS TAKEN OUT OF YOUR PAYCHECKS FOR TAXES

W-4 FORM

DETERMINES % OF GROSS PAY WITHHELD FOR TAXES

APRIL 15

DATE TAXES DUE

2 IMPORTANT

1. BENEFITS EVERYONE 2. LARGEST EXPENSE