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Taxes

Published on Nov 18, 2015

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PRESENTATION OUTLINE

TAXES

profits or added to the cost of some goods, services, and transactions.

COMMUNITY

A GROUP OF PEOPLE LIVING IN THE SAME PLACE OR HAVING A PARTICULAR CHARACTERISTIC IN COMMON.

BENIFITS

TAXES PAY FOR SCHOOL, ROADS, AND MILITARY

INCOME TAX

tax levied by a government directly on income,

PAYROLL TAX

deductions from an employee's wages and taxes paid by the employer based on the employee's wages.

PROPERTY TAX

is a levy on property that the owner is required to pay.

SALES TAX

a tax on sales or on the receipts from sales

EXCISETAX

a tax levied on certain goods and commodities produced or sold

W-2 FORM

reports an employee's annual wages and the amount of taxes withheld from his or her paycheck.

W-4 FORM

tells the employer the correct amount of tax to withhold from an employee's paycheck

DATE TO PAY

APRIL 15TH

IMPORTANT THINGS

PAYS FOR SCHOOLS AND THE COMMUNITY BENIFITS

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