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What Act as Portable Test Questions and Allow You to Quiz

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What act as portable test questions and allow you to quiz yourself on dates, key terms, and formulas wherever you go?


Definitions:

Payroll Tax

Taxes imposed on employers or employees, usually calculated as a percentage of the salaries that employers pay their staff.

Schedule H

A form filed with the IRS to report taxes owed on wages paid to a household employee.

Federal Taxes

Taxes imposed by the federal government on income, payroll, property, sales, and other activities, used to fund national programs and services.

AGI

Refers to Adjusted Gross Income; the calculation that determines how much of your income is taxable after specific deductions are applied.

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