taxes collected from the seller in the price of the of a product or service, rather than being listed separately
What is excise tax
200
A reduction of income that is able to be taxed
What is a tax deduction?
200
federal government program that helps citizens retire
what is social security?
200
property tax is charged by what two governments.
What is local and state government?
200
taxes on events, such as the purchase of a quantity of a particular item like gasoline, diesel fuel, beer, liquor, wine, cigarettes, airline tickets, tires, trucks, etc
What is excise tax
300
Income after taxes
What is net income?
300
helps pay for health care for senior citizens
What is medicare?
300
what does property tax help pay for?
What is local schools and other expenses
300
Items that are charged excise taxes vary depending on the
state and local area, but may include:
(list one)
What is Gasoline, Hotel rooms, Airplane tickets, Alcohol, Cigarettes,
400
income before taxes
What is gross income?
400
federal law that requires you to pay payroll tax
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What is Federal Insurance Contributions Acts
400
most property taxes are payed (annually, monthly, weekly, hourly, daily)