10.13.1
- 1. What happens if you file taxes late or not at all?
- 2. What is Form 1099?
- 3. What is Form W-2?
- 4. What is a tax return?
- 5. What is the IRS and what does it do?
- 6. How are payroll taxes different from income taxes?
- 7. What is FICA?
- 8. Who pays Social Security and Medicare taxes?
- 9. What is Medicare tax?
- 10. What is Social Security tax?
- 11. Which is better: standard deduction or itemized deduction?
- 12. What is itemized deduction?
- 13. What is standard deduction?
- 14. What is the difference between a tax credit and a tax deduction?
- 15. What is a tax liability?
- 16. What is a tax refund?
- 17. What is withholding tax?
- 18. Why doesn’t moving into a higher tax bracket mean all income is taxed higher?
- 19. How do tax brackets apply to income ranges?
- 20. What does “progressive tax system” mean?
- 21. What happens if two taxpayers claim the same dependent?
- 22. What is the child tax credit?
- 23. What is the qualifying relative test?
- 24. Can you claim more than one dependent?
- 25. What are the rules for claiming a child as a dependent?
- 26. How does filing status affect tax liability?
- 27. What is married filing separately and when is it used?
- 28. What is head of household status and who qualifies?
- 29. What is the difference between single and married filing jointly?
- 30. What are the five main filing statuses in the US?
- 31. What happens if income is not reported?
- 32. What is the difference between earned and unearned income?
- 33. How is bonus income taxed?
- 34. What is passive income in taxation?
- 35. How are freelance earnings taxed?
- 36. What is unearned income?
- 37. Are all sources of income required to be reported to the IRS?
- 38. What types of income are taxable in the US?
- 39. What is self-employment income?
- 40. What is the difference between W-2 income and 1099 income?
- 41. What is an effective tax rate?
- 42. What is a marginal tax rate?
- 43. What are tax brackets and how do they work?
- 44. What is the difference between gross income and net income?
- 45. What is adjusted gross income (AGI)?
- 46. What is taxable income and how is it calculated?
- 47. Who qualifies as a dependent for tax purposes?
- 48. What are the different tax filing statuses available in the US?
- 49. What is the US tax year and when does the filing season typically start and end?
- 50. What is the difference between federal tax and state tax in the US?