Home

Chapter 4

Key Term Match

Key Term Match


This activity contains 3 questions.

	Match the following Terms Using the pull-down menus, match each item in the left column to the corresponding item in the right column. Personal tax return Income from all sources Deductions from gross income Income subject to the federal income tax The rate on an additional dollar of earnings 1.1 Global income A B C D E 1.2 Gross income A B C D E 1.3 Itemized deductions A B C D E 1.4 Marginal tax rate A B C D E 1.5 Form 1040 A B C D E

	Match the following Terms Using the pull-down menus, match each item in the left column to the corresponding item in the right column. Statement of employee wages and withholdings Total taxes divided by total income Tax applied to the death estate The difference between the price paid for an investment and the higher price it was sold at Tax advantaged savings for retirement 2.1 W-2 A B C D E 2.2 Average tax rate A B C D E 2.3 Capital gain A B C D E 2.4 Estate tax A B C D E 2.5 IRA A B C D E

	Match the following Terms Using the pull-down menus, match each item in the left column to the corresponding item in the right column. Federal agency that collects taxes Deductions from gross income Dollar for dollar offset against a tax liability Indicates the time frame over which the government may collect back taxes that were due to attempted fraud The difference between the price paid for an investment and the higher price it was sold at 3.1 Capital asset A B C D E 3.2 IRS A B C D E 3.3 Tax credit A B C D E 3.4 Standard deduction A B C D E 3.5 Statute of limitations A B C D E

Copyright © 1995-2008, Pearson Education, Inc., publishing as Pearson Prentice Hall Legal and Privacy Terms