UT - Components of the Tax Return Lesson

Components of the Tax Return

In the last module, you were introduced to income tax and payroll tax. You should remember that payroll tax consists of Social Security Tax and Medicare Tax. Each is deducted from your gross pay along with your federal income tax to get your net pay, which is what you take home on your check. In this lesson, you will be introduced to the forms needed to determine your income tax withholdings, filing status, tax bracket, and dependents.

 

Components of the Tax Return Presentation

Learn more in the presentation below.