General
Money you earn from working.
What is income?
State-wide government tax.
What is state tax?
This tax is placed on expensive items (diamonds, cars, etc)
What is luxury tax?
Income you earn before taxes.
What is gross pay?
What is federal tax?
What is a sales tax?
Income you earn after taxes.
What is net pay?
Tax that funds retirement or individuals with disabilities.
What is social security tax?
Money that the government takes out of your paycheck.
What are taxes?
Tax that funds medical treatment for individuals with disabilities.
What is Medicare tax?
Taxes are used to pay for _____, _______, _______.
Taxes are used to pay for infrastructure, natural disasters, government programs.
True or False: You must be 67 or older to collect full retirement.
True