taxes
What is taxes
that are automatically withheld from your wages, salaries and tips and paid to the Internal Revenue Service (IRS) and most states government.
Why do we need income tax
You, too, need to develop an understanding of taxes and be prepared to deal with their impact on income.
why do people still use paycheck if we have credit cards now?
Because of Legacy Systems.
Why do people use coupons?
encourage people to shop by offering an incentive: free merchandise or lower-cost goods.
Why do half of the world pay half of the world use half of their paycheck to buy a house?
primarily due to a global housing affordability crisis.
What is it?
A source of income for government.
debit and credit
Credit unions, banks, and saving and loans are examples of financial institution.
Who pays it
Consumers and businesses
Interest
In loans and Dee’s for service
Uses?
Human services, health care, police, jail. Courts, transportation, colleges schools. Library, parks and recreation.
Internet bank
An Internet bank is an online bank without brick- and-mortar branches.
Taxables) Non- taxable (exempt) items
Household gods, restaurant food, furniture, gasoline, utilities, motels and hotels, liquor, and tobacco.
Groceries (most states), medicine, medical services, insurance.