taxes 3 Multiple Choice Test

an amount you can legally subtract from your tax owed

the income figure used to determine how much income tax you owe

based on the dollar value of a good or service being sold

a statement of the interest your bank paid on your savings fort he year

The ______ is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return

a unique code used by the government throughout your life to identify you as a taxpayer and keep track of your earnings and tax records

the amount you receive after withholdings ( taxes) are subtracted

a number used to determine the amount of income tax withheld from your pay

goods and services that benefit all citizens

the federal executive agency that collects income taxes

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