Ambassador of Kid Buxx

We know you may have already completed this in your sign up session but let's do it again :) because when you become 18 you should be used to this form.

Your boss will not need to explain what this is, you will already know.

What is a W-4?

A W-4 is a form the worker fills out and gives to the tax people at the IRS (Internal Revenue Service). 

Check your tax bracket (aka your area of responsibility) (check only one) :

Your Signature

I will be taxed up to 25% of my earnings which depends on my level of responsibility that I select on the W-4 form.

 

The W-4 form is used by the IRS to decide how much tax you pay depending on your tax bracket.

 

What is “tax” ?

Tax is a charge to the worker.  This money is collected from your paycheck and sent to the IRS to pay for schools, bridges and other things need for the community.

What is "IRS" ? 

"IRS" stands for Internal Revenue Service. They are in charge of your taxes. Everyone pays taxes.

That's it for now. Let's take a break.

We'll go over more taxes next week.

Remember your feedback is important.

 

Thank you !

See below for your tax bracket (or group):

 

TAX BRACKET # 1

2+ brothers or sisters = 5% tax is what I have to pay from my check

 

TAX BRACKET # 2

1 brother or sister = 10% tax is what I have to pay from my check

 

TAX BRACKET # 3

Myself = 20% tax is what I have to pay from my check

 

TAX BRACKET # 4

Myself if I’m 18 years old = 25% is what I have to pay from my check

Don't forget to fill in your timesheet under "Payday" on the Ambassador's Page, so you can get paid for your time today.