Matching
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For each
description listed below, find the corresponding term. a. | Senate | h. | Child
support | b. | Deduction | i. | Interest | c. | Revenue | j. | Proportional | d. | Progressive | k. | Tax
evasion | e. | House of Representatives | l. | Itemize | f. | Exemption | m. | Alimony | g. | Regressive | n. | Audit | | | | |
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1.
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Taxes that
increase in proportion to income.
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2.
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Taxes for
which the rate remains constant, regardless of the amount of income.
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3.
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The type of
tax that requires those who can least afford it to pay the most in proportion to their
income.
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4.
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An amount
you may subtract from your income for each person who depends on your income to live.
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5.
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To list
allowable expenses on your tax return.
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6.
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Place where
all bills for raising revenue must originate, according to the Constitution.
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7.
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Willful
failure to file and pay taxes.
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8.
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Money
collected by the government through taxes.
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9.
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A type of
income received that is not taxable.
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10.
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An expense
the law allows you to subtract from adjusted gross income.
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Short Answer
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11.
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List
the forms necessary for completing the 1040 EZ Federal Income Tax return form.
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12.
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Explain the accepted principle of tax fairness called the ability to pay
principle.
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13.
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Give
ONE example of each of the following categories of taxes:
Progressive
Regressive
Proportional
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14.
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List
FIVE criteria necessary to complete the 1040 EZ form?
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15.
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What
form would you receive and utilize in preparation of your income tax return form if you were to
receive unemployment compensation during the year.
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