TAXES

WHAT I KNOW

TAXES

• a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions

community

• a group of people living in the same place or having a particular characteristic in common.

BENEFITS OF TAXES

• Government works
• Rodes
• Snow removal

income tax

• income tax is tax one pays on they’re paycheck

PAYROLL TAX

• Payroll tax is a tax business pay

PROPERTY TAX

• One pays when they own land

SAILS TAX

• Is payed on things that you bye

EXCISE TAX

• Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product.

W2

• The W-2 form is the form that an employer must send to an employee and the Internal Revenue Service (IRS) at the end of the year

W4

• The purpose of Tax Form W-4 is simple ― it is used by your employer to withhold the proper amount of federal income tax from your paycheck

You have to pay taxes by April 15

I’m the most important thing about taxes it to know it helps