U2-Managing Money L2 Taxes Flashcards
Increase vocabulary skills through repetition to increase comprehension of curriculum
group of people with common interests and concern for the common good
community
money brought in from working for pay
earned income
tax collected from seller or retailer and as such often remain “hidden” in the price of a product or service, rather than being listed separately
excise tax
tax on earned an unearned income
income tax
tax on earned income
payroll tax
tax on property, such as land, buildings(including homes), and automobiles
property tax
tax on purchased goods and services
sales tax
sum of money demanded by a government to support the government itself as well as specific facilities or services
taxes
person who pays a tax to national, state, county, or municipal governments
taxpayer
income received from sources other than employment
unearned income