U2-Managing Money L2 Taxes Flashcards Preview

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Flashcards in U2-Managing Money L2 Taxes Deck (10)
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1
Q

group of people with common interests and concern for the common good

A

community

2
Q

money brought in from working for pay

A

earned income

3
Q

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

A

excise tax

4
Q

tax on earned an unearned income

A

income tax

5
Q

tax on earned income

A

payroll tax

6
Q

tax on property, such as land, buildings(including homes), and automobiles

A

property tax

7
Q

tax on purchased goods and services

A

sales tax

8
Q

sum of money demanded by a government to support the government itself as well as specific facilities or services

A

taxes

9
Q

person who pays a tax to national, state, county, or municipal governments

A

taxpayer

10
Q

income received from sources other than employment

A

unearned income