1. Match the Vocabulary word with the definition below. (18 pts.) f h 9 e b d C a Y 1. FICA tax ▾ 2. Withholding V 3. Tax

Question

1. Match the Vocabulary word with the definition below. (18 pts.)
f
h
9
e
b
d
C
a
Y 1. FICA tax
▾ 2. Withholding
V
3. Tax Revenue
4 4. Income Tax
V
5. Internal Revenue Service
6. Property Taxes
7. Taxes
8. Medicare
9. Payroll Taxes
a. FICA tax, Medicare tax, federal income tax, state income tax, and other local taxes are all part of a specific
tax.
b. The federal bureau that is in charge of collecting income tax and processing tax returns.
c. Government income that they get from taxes.
d. Payments to governments that are then used for public goods and services.
e. A certain percentage is taken out of your income and is used to fund this program.
f. Taxes that you pay based on your salary, hourly wage, tips, or interest.
g. This is money that is withheld from your paycheck by your employer and given to the government to use.
h. "Federal Insurance Contribution Act" that funds social security and Medicare.
i.
You pay these taxes if you own a home, boat, car, ATV, etc.

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