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Chapter 2 + 3 Vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show An examination of income tax returns by the IRS.  
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show Forms of employer compensation in addition to pay.  
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Dividends   show
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show An amount you may subtract from your income for each person who depends on your income to live.  
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show Your tax-filing group based on your marital status as of the last day of the tax year.  
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show The total amount an employee earns before deductions are subtracted.  
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show The amount left after all deductions are taken from an employee's gross pay.  
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show A tax that takes a larger share of one's income as the amount of the income grows.  
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show A tax for which the rate stays the same, regardless of one's income.  
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Salary   show
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show An income range that a tax rate is applied to.  
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show A reduction of taxes owed.  
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Tax Liability   show
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Union   show
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show A fixed hourly rate, earned by employees.  
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