What I Know About Taxes
Published on Nov 18, 2015
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
WHAT ARE TAXES?
MONEY DEMANDED BY THE GOVERNMENT TO SUPPORT SERVICES AND PROJECTS
WHAT IS A COMMUNITY?
A GROUP OF PEOPLE WORKING TOGETHER FOR A GOOD CAUSE.
WHAT ARE THE BENEFITS OF TAXES?
TAXES PAY FOR MANY PUBLIC SERVICES LIKE THE POLICE AND SCHOOLS.
Income Tax
A tax on earned and unearned income.
PAYROLL TAX
A tax on earned income that supports Social Security and Medicare programs.
What is a property tax?
A TAX ON LAND, BUILDINGS, AND CARS.
What is a sales tax?
TAXES ON ITEMS PURCHASED IN RETAIL STORES.
What is an excise tax?
A tax on consumption items.
WHAT IS A W-2 FORM?
A PAPER YOU RECEIVE FROM YOUR EMPLOYER THAT SHOWS HOW MUCH YOU EARNED AND WHAT WAS TAKEN OUT OF YOUR PAYCHECK FOR TAXES.
What is a W-4 Form?
A paper you fill out to tell your employer how much you want taken out of your paycheck for taxes.
What date do you have to pay your taxes by?
April 15th
What are the two most important things to know about taxes?
- Taxes are due by April 15th.
- Know what types of forms you will need to fill out for taxes.
