Chapter 23 Vocbulary

IRS-is the agency that collects federal taxesa and oversees the federal tax system.
Withhold- to tak out money form your paychecks.
Income tax return- is a form that shows how muc hyou earned form working and made from other sources.
Exemption- is a fixed amount of money that is excused form taxes.
Deduction- is an expense that you are allowed to subtract form your income.work credits are measurments of how long youve worked
Disabled worker- is someone that cannot work because of physicla or mental condition.
Medicare- is a type of health care for people that need to hospitalized or other medical care
Unemployment insurance- is paid to pelple who have lost their job for somehing that was not their fault.
Workers compensation-are benifits are paid to workers that where injured on the job or to a dependent of a workers killed on the job