| A | B |
|---|
| Withholding Allowance | Claimed by employees on W-4 Form |
| Withholding | To deduct from income by employers |
| Taxes | Required payments of money to governments. |
| April 15 | The Date taxes are due |
| Tax Deductions | Income that can be subtracted to determine taxable income |
| Sales Taxes | Taxes on retail products |
| Property Taxes | Taxes on property,boats, cars, RV's |
| FIT | A tax based on the money you earn |
| Payroll Taxes | Taxes from emplyee's paychecks |
| Income Taxes | Taxes on income,earned and unearned |
| Gross Income | Money, goods,and property you receive |
| W-4 Form | A form that helps an employer decide how much to withhold from an employee’s paycheck |
| Filling Status | Single, married, head of household |
| File a return | To mail or send a tax form |
| Exemption | Amount that you can claim for yourself or others |
| AGI | Total income reduced by certain amounts |
| Dependent | Relies on someone else for support. |
| Excise Taxes | Taxes on the sale or use of specific products |
| Exempt | Free from withholding of FIT |
| W-2 Form | Lists the totals of all taxes collected yearly from a paycheck |
