Income
Extra money as a reward for good serveries
tips
This tax provides for old-age,survivors,and disability
social security tax
A tax paid as a certain percentage of the price of the product
sale tax
What are the three basic functions of money?
A medium of exchange, a unit of account, and store of value
A tax that takes a larger % of income from low-income groups tan from high-income groups
Regressive tax
A current medium of exchange in the form of coins and bank notes .
Money
This tax helps pay for services provide by state government ,such as road ,safety and health
state income tax
A tax placed on the value of a person's money and property after he or she dies.
Estate tax
The value of money is determine by
people's willingness to accept it in exchange for goods and services.
a tax that takes the same % of income from all income groups (also referred to as flat tax )
Proportional Taxes
paid to employee based on an annual rate normally paid monthly.
salary
income agreed to (via legal contract usually by a consumer and producer for a specific set of services
1099
A tax on the value of a property, which can be land and buildings or personal property such as vehicles, boats, trailers, airplanes, and campers.
property tax
A business that provides money related services
Financial Institution
A tax added to the price of goods and services at the time of purchase
sales tax
Income earned by holding shares of stock
Dividends
gross income is the total amount of money a worker earns before any deductions are made
gross pay
A tax that takes a larger percentage of income from high-income groups than from low-income groups
Progressive Tax
A wireless service that allows financial transition by using the app or web browser from a mobile device
Mobile banking
A tax levied by local gov'ts based on the value of property you own
Property tax
Income earned when Investment (stocks house,Antique ,Etc is sold for more tan it was purchased for
capital gains
A form that provides an employer with the information necessary to withhold the appropriate amount of income taxes from an employee's pay.
W-4 form
A tax that takes the same percentage of income from all income groups.
Proportional Tax
Who in the U.S. is responsible for maintaining money's purchasing power?
The Board of Governors of the Federal Reserve System
A tax the gov't levies on the transfer of property when a person dies
Estate & Inheritance Taxes