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Taxes Review

  1. In April, all Americans file federal income tax with the ______(Fill in the blank).

    Answer: Internal Revenue Service or IRS

  2. The greater your earnings, the ________ (Fill in the blank) your contributions will be for these deductions for taxes.

    Answer: greater

  3. A cafeteria plan ________ (Fill in the blank) your amount of taxable dollars.

    Answer: reduces

  4. Cafeteria plan deductions are made from your ________ (Fill in the blank) income.

    Answer: gross