Taxes Flashcards
1
Q
income tax
A
a tax paid on personal income
2
Q
property tax
A
a tax on the value of land, buildings, cars, and other kinds of personal assets
3
Q
revenue
A
the total income received from an economic plan
4
Q
sales tax
A
a tax collected on the purchase price of goods or services
5
Q
withholding
A
amounts removed from gross income to pay for taxes and other expenses
