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Taxes

Published on Nov 19, 2015

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PRESENTATION OUTLINE

WHAT I KNOW ABOUT TAXES

BY BRIAN ROGERS

TAXES

A SUM OF MONEY DEMANDED BY THE GOVERNMENT TO SUPPORT THE GOVERNMENT

COMMUNITY

A GROUP OF PEOPLE WORKING TOGETHER FOR THE COMMON GOOD

TAX BENEFITS

TAXES HELP FUND ROADS, SCHOOLS, FIRE AND POLICE DEPARTMENTS AND MUCH MORE

INCOME TAX

A TAX EARNED AND UNEARNED INCOME

PAYROLL TAX

A TAX ON EARNED INCOME THAT SUPPORTS THE SOCIAL SECURITY AND MEDICARE PROGRAMS

PROPERTY TAX

A TAX ON PROPERTY, SUCH AS LAND, BUILDINGS INCLUDING MOTOR VEHICLES

SALES TAX

A SALES TAX IS A TAX ON ITEMS PURCHASED IN RETAIL STORES

EXCISE TAX

TAXES CHARGED ON CONSUMPTION ITEMS

W-2 FORM

A REPORT OF ANNUAL WAGES AND THE AMOUNT OF TAXES WITHHELD FROM THEIR PAYCHECK

W-4 FORM

A FORM COMPLETED BY AN EMPLOYEE TO SHOW THEIR TAX SITUATION

TAX DATE

TURN IN YOUR TAXES BEFORE APRIL 15

THINGS TO KNOW

YOU SHOULD ALWAYS PAY TAXES ON TIME TO AVOID INTEREST, AND DON'T LIE ABOUT INCOME