personal finance review 2
Jimmy always filed his income tax on time, however he exaggerated his deductions and amount donated to charities. This caused the government to review his income and taxes, this is referred to as an adult
AUDIT
Excise taxes are taxes collected from the seller or retailer and as such remain "hidden" in the price of a product or service, rather than being listed separately. Examples of items that will have an excise tax are:
gasoline, cigarettes, alcohol
What is the difference between gross and net pay
gross is before taxes net is after
Identify services provided by our government libraries, military protection, in which our taxes support that we all benefit
libraries, military protection, police fire protection public schools roads
Social Security tax is an example of this type of tax:
pay roll
Which of the following is are classified as a required employee deduction in Missouri?
state, federal and social security
Income tax is tax paid both on unearned income and earned income.
true