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PFM - Chapter 3 Income Tax

Teacher: Julie Nordin - Business Education

Horizontales
Your filing status on your tax return is based on this. ( 2 words)
Federal income taxes are a __________type of tax.
An example of non-taxable income.(3 words)
Only married taxpayers qualify for this filing status. (3 words)
When government spends more than it receives in revenue.
The branch of government in the USA that has the power to impose federal taxes.
Verticales
The income on which you will pay tax. ( 2 words)
A tax for which the rate stays the same, regardless of income is called this.
Taxes on goods and services.
Incoming funds to the government are called this.
The largest source of government revenue in the USA. ( 2 words)
This is an example of tax that is a flat tax.
A tax ______ is an amount subtracted directly from the tax owed.