Taxes Flashcards
(8 cards)
1
Q
What is the purpose of form I-9
A
Verified eligibility of individual to avoid hiring undocumented workers.
2
Q
What is form W 2 used got
A
Filing income tax
3
Q
What does a form W4 allows taxpayers to claim certain allowances
A
Person can claim personal allowance if no one claims them as dependent
4
Q
Federal act that protects payroll card holders
A
Electronic fund transfer
5
Q
Two forms of taxes represented under the federal insurance contributions act
A
Social security and Medicare
6
Q
How is gross pay calculated
A
Multiply hours worked and wage
7
Q
What does the form W4 determine
A
Percent of gross income to be held for taxes
8
Q
What document must b provided to complete 1-9 form
A
Employment eligibility form
