Business, 26.03.2021 22:10 gigi246899

Match the Vocabulary word with the definition below. 1. Taxes

2. Withholding

3. Payroll Taxes

4. Tax Revenue

5. Internal Revenue Service

6. Income Tax

7. Medicare

8. Property Taxes

9. FICA tax

a. You pay these taxes if you own a home, boat, car, ATV, etc.

b. FICA tax, Medicare tax, federal income tax, state income tax, and other local taxes are all part of a specific tax.

c. The federal bureau that is in charge of collecting income tax and processing tax returns.

d. “Federal Insurance Contribution Act” that funds social security and Medicare.

e. Government income that they get from taxes.

f. Taxes that you pay based on your salary, hourly wage, tips, or interest.

g. This is money that is withheld from your paycheck by your employer and given to the government to use.

h. Payments to governments that are then used for public goods and services.

i. A certain percentage is taken out of your income and is used to fund this program.

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Match the Vocabulary word with the definition below. 1. Taxes

2. Withholding

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