Taxes
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PRESENTATION OUTLINE
WHAT I KNOW ABOUT TAXES
NICOLE SWANSON
WHAT ARE TAXES?
SUM OF MONEY DEMANDED BY THE GOVERNMENT
WHAT IS COMMUNITY?
GROUP OF PEOPLE WORKING TOGETHER FOR A COMMON GOOD
WHAT ARE THE BENEFITS OF TAXES?
ROADS,LIBRARIES, PUBLIC SCHOOLS, POLICE&FIRE DEPARTMENTS, MILITARY
WHAT IS AN INCOME TAX?
A TAX ON EARNED AND UNEARNED INCOME
WHAT IS A PAYROLL TAX?
TAX ON EARNED INCOME THAT SUPPORTS SOCIAL SECURITY&MEDICARE
WHAT IS A PROPERTY TAX?
TAX OF PROPERTY, HOMES, VEHICLES
WHAT IS A SALES TAX?
TAX ON ITEMS PUR HASED IN A RETAIL STORE
WHAT IS AN EXCISE TAX?
TAXES CHARGED ON CONSUMPTION ITEMS
WHAT IS A W-2 FORM?
WHAT YOU USE TO FILE YOUR TAXES, STATES HOW MUCH MONEY YOU MADE
WHAT IS A W-4 FORM?
- Form you fill out for your employer to tell them how much you want out of your paycheck for taxes
WHAT DATE DO YOU HAVE TO PAY YOUR TAXES BY?
APRIL 15TH
WHAT ARE THE 2 MOST IMPORTANT THINGS YOU NEED TO KNOW ABOUT TAXES?
- Taxes are deducted out of your paycheck
- Taxes benefit you later on in life because of Social Security and Medicare
