Taxes
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PRESENTATION OUTLINE
WHAT I KNOW ABOUT TAXES
BY EMMA FUHRMAN
WHAT ARE TAXES
MONEY YOU OWE TO THE GOVERNMENT
WHAT IS COMMUNITY?
GROUP OF PEOPLE WORKING TOGETHER FOR COMMON GOOD
BENEFITS OF TAXES
HELPS BUILD NEW ROADS,PUBLIC SCHOOLS,POLICE AND FIRE DEPARTMENT
WHAT IS AN INCOME TAX?
TAX LEVIED BY A GOVERNMENT, BY INCOME OR ANNUAL ON PERSONAL PAY
WHAT IS A PAYROLL TAX?
A SET PERCENTAGE OF EARNED INCOME DEDUCTED OUT OF PAYCHECK
WHAT IS A PROPERTY TAX?
TAX ON PROPERTIES SUCH AS BUILDINGS,LANDS
WHAT IS SALE TAX?
TAX ON PURCHASED ITEMS
WHAT IS AN EXCISE TAX?
CHARGED ON CONSUMPTION ITEMS
WHAT IS A W-2 FORM
WAGE AND TAX STATEMENT
WHAT IS A W-4 FORM
USED BY YOUR EMPLOYER TO SEND THE PROPER AMOUNT
WHEN IS IT DUE?
APRIL 15
2 IMPORTANT THINGS YOU NEED TO KNOW ABOUT TAXES
1.EMPLOYER DOESNT FILE YOUR INCOME TAX 2. EVERYONE MUST FILE A TAX
