individual income tax

Taxation is "federal" in the same way that "U.S. income" tax?

The amount my book a couple of months for what he said was my "federal" taxes due is a little higher than what has found to send to the IRS. They are also called "federal" are called "individual income tax." Are they same? I have my own LLC.

Yes, "federal" means that the IRS National. Could also have an income tax of the state, and perhaps also local authorities.

NEW 2010 Individual Income Tax Return Law Changes – Tax Help

1. The federal government’s biggest single source of revenue is from
foreign aid.
loans from banks.
big business.
individual income tax.

2. During the year employers set aside a certain amount of money, called ____, from their employees’ wages.
securities
tax shelter
withholding
dependent tax

3. These are government financial instruments that include bonds, notes, and certificates.
corporate income taxes
securities
excise taxes
customs duties

4. When the government’s spending is greater than its income, it creates a
national debt.
government securities’ risk.
withholding situation.
national taxable income.

5. To raise revenue and pass appropriations is the power of
the Supreme Court.
the people.
Congress.
the president.

6. The idea that the best forecast of this year’s budget is last year’s, plus a little more, is called
reconciliation.
incrementalism.
policy budget-making.
fiscal year budget-making.

7. The IRS checks some tax returns more carefully than others during
entitlements.
discount rates.
uncontrollables.
audits.

8. A 12-month accounting period is called a
deficit year.
revenue year.
monetary year.
fiscal year.

9. An example of an entitlement program is
Social Security.
corporate tax.
tax loopholes.
individual income tax.

10. The yearly sum of goods and products produced in a country is called the
deficit.
gross national product.
uncontrollables.
entitlements.

11. The United States economy is a
regressive tax economy.
market economy.
fiscal policy economy.
monetary policy economy.

12. An individual’s total income, minus certain deductions and personal exemptions, is called the
excise tax.
withholding.
social insurance tax.
taxable income.

1. The federal government’s biggest single source of revenue is from
foreign aid.
loans from banks.
big business.
individual income tax.

2. During the year employers set aside a certain amount of money, called ____, from their employees’ wages.
securities
tax shelter
withholding
dependent tax

3. These are government financial instruments that include bonds, notes, and certificates.
corporate income taxes
securities
excise taxes
customs duties

4. When the government’s spending is greater than its income, it creates a
national debt.
government securities’ risk.
withholding situation.
national taxable income.

5. To raise revenue and pass appropriations is the power of
the Supreme Court.
the people.
Congress.
the president.

6. The idea that the best forecast of this year’s budget is last year’s, plus a little more, is called
reconciliation.
incrementalism.
policy budget-making.
fiscal year budget-making.

7. The IRS checks some tax returns more carefully than others during
entitlements.
discount rates.
uncontrollables.
audits.

8. A 12-month accounting period is called a
deficit year.
revenue year.
monetary year.
fiscal year.

9. An example of an entitlement program is
Social Security.
corporate tax.
tax loopholes.
individual income tax.

10. The yearly sum of goods and products produced in a country is called the
deficit.
gross national product.
uncontrollables.
entitlements.

11. The United States economy is a
regressive tax economy.
market economy.
fiscal policy economy.
monetary policy economy.

12. An individual’s total income, minus certain deductions and personal exemptions, is called the
excise tax.
withholding.
social insurance tax.
taxable income.

1. The federal government’s biggest single source of revenue is from (1 point)
foreign aid.
loans from banks.
big business.
individual income tax.
2. During the year employers set aside a certain amount of money, called ____, from their employees’ wages. (1 point)
securities
tax shelter
withholding
dependent tax
3. These are government financial instruments that include bonds, notes, and certificates. (1 point)
corporate income taxes
securities
excise taxes
customs duties
4. When the government’s spending is greater than its income, it creates a (1 point)
national debt.
government securities’ risk.
withholding situation.
national taxable income.
5. To raise revenue and pass appropriations is the power of (1 point)
the Supreme Court.
the people.
Congress.
the president.
6. The idea that the best forecast of this year’s budget is last year’s, plus a little more, is called (1 point)
reconciliation.
incrementalism.
policy budget-making.
fiscal year budget-making.
7. The IRS checks some tax returns more carefully than others during (1 point)
entitlements.
discount rates.
uncontrollables.
audits.
8. A 12-month accounting period is called a (1 point)
deficit year.
revenue year.
monetary year.
fiscal year.
9.
An example of an entitlement program is (1 point)
Social Security.
corporate tax.
tax loopholes.
individual income tax.
10. The yearly sum of goods and products produced in a country is called the (1 point)
deficit.
gross national product.
uncontrollables.
entitlements.
11. The United States economy is a (1 point)
regressive tax economy.
market economy.
fiscal policy economy.
monetary policy economy.
12. An individual’s total income, minus certain deductions and personal exemptions, is called the (1 point)
excise tax.
withholding.
social insurance tax.
taxable income.

The federal government’s biggest single source of revenue is from
foreign aid.
loans from banks.
big business.
individual income tax.
2. Someone’s total income minus certain deductions and personal exemptions is that individual’s
taxable income.
gross income.
withholding income.
depdendent tax.
3. When the government’s borrowing is greater than its income, it creates a
national debt.
government securities’ risk.
withholding situation.
national taxable income.

This is like the first time I’ve done my own taxes. I just started a small business earlier this year. So do I just leave line 41 in the negative on the 1040 individual income tax return? Is this going to cause a red flag to go up in the irs office? I’ve got proof to back my figures so I guess I shouldn’t worry………..right? (biting lip)