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Taxes

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Taxes Vocabulary

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United States

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Taxes
 

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TaxesOnline version

Taxes Vocabulary

by Ms. Sledge
1

end report year employer annual IRS wages employee

W - 2 : A form that an must send to an and the at the of the to the employee ? s
and taxes withheld from their paycheck .

2

Service Revenue income Internal file annual tax

1040 : The standard ( IRS ) that individuals can use to their .

3

worker eligible States identity employee employer United accept employment verify

I - 9 : Form used by an to an ? s and to establish that the is to in the .

4

compensation freelancers form employee contractors

1099 : A that details all " non - " including for specific jobs like or .

5

employee amount tax withholds marital situation 4 employer paycheck

W - : A form completed by an to indicate his or her ( exemptions , status , etc ) to the , who then the corresponding from each .

6

included paycheck federal state directly employee not local taxes wages

Withholding : The portion of an ? s that is in their because it goes to , , and .

7

income reduce you taxable your support taxes lower return financially tax

Dependent : Someone who can be " claimed " on a to and your .

8

Return annual report summarizing taxes IRS income total deductions withheld employers

Tax : An to the your , , and the by .

9

more taxpayer they due paid gives taxes back

Tax Refund : An amount that the government to a who has than were .

10

return tax IRS filer inspection

Audit : An of a ? s by the .

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