13. total amount a person earns per year prior to taxes and deductions\n14. total amount a person earns per…

13. total amount a person earns per year prior to taxes and deductions\n14. total amount a person earns per year minus general expenses, taxes, and interest\n15. gross income minus adjustments to income, includes wages, dividends, capital gains\n16. a form the irs requires you to prepare in addition to your tax return when you have certain types of income or deductions. these commonly include things like significant amounts of interest income, mortgage interest or charitable contributions.\n17. a range of incomes taxed at a given rate. the higher the income, the more you pay if you fall into the next higher category\n18. another name for social security listed on your paycheck as a deduction.\n19. amount of money an employer keeps from your paycheck to cover your tax liability for the year\n20. someone that pays taxes\n21. form filled - out when you begin a job to determine how much your employer will withhold from your paycheck to cover your tax liability\n22. typical form that taxpayers will file their taxes on (or electronically) to determine their tax liability and if they are owed a refund or not\n23. form that your employer sends you that shows you your wages/salary earned for the year, deductions, including federal, state and local taxes paid. it is the main form used to complete your tax return.\n24. amount that you can deduct from your taxable income to lower the amount of taxes that you owe.\n25. people like children or elderly parents that depend on you for over 51% of their care financially

13. total amount a person earns per year prior to taxes and deductions\n14. total amount a person earns per year minus general expenses, taxes, and interest\n15. gross income minus adjustments to income, includes wages, dividends, capital gains\n16. a form the irs requires you to prepare in addition to your tax return when you have certain types of income or deductions. these commonly include things like significant amounts of interest income, mortgage interest or charitable contributions.\n17. a range of incomes taxed at a given rate. the higher the income, the more you pay if you fall into the next higher category\n18. another name for social security listed on your paycheck as a deduction.\n19. amount of money an employer keeps from your paycheck to cover your tax liability for the year\n20. someone that pays taxes\n21. form filled - out when you begin a job to determine how much your employer will withhold from your paycheck to cover your tax liability\n22. typical form that taxpayers will file their taxes on (or electronically) to determine their tax liability and if they are owed a refund or not\n23. form that your employer sends you that shows you your wages/salary earned for the year, deductions, including federal, state and local taxes paid. it is the main form used to complete your tax return.\n24. amount that you can deduct from your taxable income to lower the amount of taxes that you owe.\n25. people like children or elderly parents that depend on you for over 51% of their care financially

Answer

Answer:

  1. Gross Income
  2. Net Income
  3. Adjusted Gross Income
  4. Schedule
  5. Tax Bracket
  6. FICA (Federal - Insurance Contributions Act)
  7. Tax Withholding
  8. Taxpayer
  9. W - 4 Form
  10. 1040 Form
  11. W - 2 Form
  12. Tax Deduction
  13. Dependent

Brief Explanations:

These are common terms and forms in the field of taxation. Gross income is pre - tax earnings, net income is after expenses and taxes. Adjusted gross income is a key figure for tax calculations. Schedules are additional forms for specific income or deductions. Tax brackets determine the tax rate. FICA is related to Social Security deductions. Tax withholding is employer - held money for taxes. Taxpayers are those who pay taxes. W - 4 and 1040 are important tax forms. W - 2 is an employer - issued form. Tax deductions reduce taxable income, and dependents are those financially supported.