CHAPTER 10: INCOME AND TAXES TAX QUESTIONS AND WITH
COMPLETE SOLUTION/100% VERIFIED
Withholdings and deductions are . . . - CORRECT ANSWER-expenses that are
taken out of your paycheck
consumption tax - CORRECT ANSWER-The tax on the purchase of goods or
services
Wages - CORRECT ANSWER-The money you earn hourly for your time and
effort at work.
What does the Form W-4 estimate? - CORRECT ANSWER-How much tax you
will owe based on your personal situation.
Federal Tax Return - CORRECT ANSWER-Every American who earns an income
must file each year.
When you make ____ money, you will pay _____ in taxes. - CORRECT ANSWER-
More, more
Who must pay taxes? - CORRECT ANSWER-If you work and earn money, you will
have to pay taxes.
sales tax - CORRECT ANSWER-When you buy clothes or check out at the
grocery store, you will pay.
Salary - CORRECT ANSWER-A fixed, annual rate of pay that doesn't change by
working more or fewer hours.
COMPLETE SOLUTION/100% VERIFIED
Withholdings and deductions are . . . - CORRECT ANSWER-expenses that are
taken out of your paycheck
consumption tax - CORRECT ANSWER-The tax on the purchase of goods or
services
Wages - CORRECT ANSWER-The money you earn hourly for your time and
effort at work.
What does the Form W-4 estimate? - CORRECT ANSWER-How much tax you
will owe based on your personal situation.
Federal Tax Return - CORRECT ANSWER-Every American who earns an income
must file each year.
When you make ____ money, you will pay _____ in taxes. - CORRECT ANSWER-
More, more
Who must pay taxes? - CORRECT ANSWER-If you work and earn money, you will
have to pay taxes.
sales tax - CORRECT ANSWER-When you buy clothes or check out at the
grocery store, you will pay.
Salary - CORRECT ANSWER-A fixed, annual rate of pay that doesn't change by
working more or fewer hours.
