Gross Income Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment…
Gasoline Excise Tax An excise tax paid by consumers when they purchase gasoline. The tax covers the manufacture, sale, and…
Form W-4, Employee's Withholding Allowance Certificate Completed by the employee and used by the employer to determine the amount of…
Formal Tax Legislation Process This is another term for a proportional tax.
Financial Records Spending and income records and items to keep for tax purposes, including paycheck stubs, statements of interest or…
Filing Status Determines the rate at which income is taxed. The five filing statuses are: single, married filing a joint…
File A Return To mail or otherwise transmit to an IRS service center the taxpayer's information, in specified format, about…
Federal Insurance Contributions Act (FICA) Tax Provides benefits for retired workers and their dependents as well as for disabled workers…
Federal Income Tax The federal government levies a tax on personal income. The federal income tax provides for national programs…