Succeeding in the World of Work

Section 1: All About Taxes

Answers to Section Review

1. Fairness, simplicity, convenience, stability, and flexibility; because they serve the needs of both people and government.
2. If your employer doesn't withhold enough money, you owe income tax. If your employer withholds too much, you will get a refund from the government.
3. It will help you determine whether part of your income is tax-exempt.
4. Answers will vary.