Chapter23Vocab

IRS:agency that collects federal taxes and oversees the federal tax system
Withhlod:take out money from your paycheck to pay income tax due on your wages
income tax return: a form that shows how much you earned from working an dmade from other sources
Exemption:a fixed amount of money that is excused from taxes
deduction:an expense that you are allowed to subtract from your income.
Work credits:are measurements of how long you've worked.
Disabled worker:someone who can ont work cause of enjury
Medicare:benefits that are for health insurence
unemployment: not working
Workers'compensation:money paid to workers who are hurt

Section23.2 Review

1. why is it important to build up work credits?
-helps you to get social security benefits
2. Why is the program of benefits discussed in this section called Social Security?
- the program of benefits help provide benefits.
3. What may happen to social security by the time you retire if the system isnt changed soon?
- less retirement money will be given out

Section 23.1 review

1. List five characteristics of a good tax system. Why are these features desirble?
- fair tax system,clear tax laws, stable tax system,flexable,and convenient tax collection.
2. How does the amounrt of money you earn and the amount wihtheld determine whether you owe income tax?
- If you make over or under a certain amount .
3. How will understanding such terms as exemption, dependent, and deduction help you complete a tax return?
- following the rules will help you complete the tax return easier.

Work schedule 2/18/08

Mon:-
Tues:2-close
wed:2-close
Thurs:2-close
Fri:2-close
Sat:-
Sun:-

My Career

1. Work in the Bussiness and Marketing field
2. Probasketball or Graphic Arts
3. yes I have researched the job
4. I would llike these jobs because I am good at those jobs
5. No my resume is not up to date

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