Ch 23 Sec 1

1.) List the five characteristics of a good tax system. Why are these features desirable? Assemble your records, get the forms, conceder online forms, take your time, and keep a copy.2.) How do the amount of money you earn and the amount withheld determine whether you owe tax income? A form that shows you how much you earned from working and made from other sources, it also shows you how much tax you owe.3.) How will understanding such terms as exemption, dependent, and deduction help you complete a tax return? Exemption = Fixed amount of money that is excused from taxes and the dependent is some one whom you support such as a child. Deduction = an expense that you are allowed to subtract from your income also includes like medical or business expenses