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Hrb Tax Class: Questions And Complete Answers

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Hrb Tax Class: Questions And Complete Answers Ch 1: Earned Income ️️Any income (wages/salary) that is generated by working. Social security ️️A federal insurance program funded by taxpayer dollars that provide benefits to people who are retired, unemployed, or disabled: 6.2% of income. income tax ️️Taxes paid out by anyone who earns an income. federal income tax ️️Used to support government programs such as military defense and public services. state income tax ️️Used to support protection, roads and social services. Form W-4 (Employee's Withholding Allowance Certificate) ️️A federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes

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