| A | B |
|---|
| Payroll Tax | Percentage of money withheld from your paycheck by your employer |
| Social Security | An insurance program. Workers pay into the program for at least 10 years or more and can collect money once they turn 62 |
| Medicare | A federal health insurance program for Americans 65 years or older |
| Deductions | Reductions to your income in terms of how it counts for taxes |
| Property Taxes | Taxes paid on property owned. |
| Sales Tax | Taxes on the sale of goods and services. |
| 1040 Form | What individual taxpayers use to file their taxes with the IRS |
| 1099 Form | This is to report information on the income you receive outside of your typical salary |
