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 are the three basic functions of money ?
A medium of exchange unit of account and store of value
A tax that takes a large % 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 gov such as roads 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
peoples willingness to accept it in exchange for good and services.
This tax helps pay for services provide by state such as road safety and health
state income tax
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 service
1099
tax paid on property owned by an individual or other legal entity, such as a corporation.
property tax
A business that provides money related services
financial institution
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 wire less service that allows financial transtion by using the app or web browser from a mobile device
mobile banking
income earned when Investment stocks house is sold for more tan it was purchased for
Capital gains
IRS form that you complete to let your employer know how much money to withhold from your paycheck for federal taxes.
W-4 from
A tax that takes the same percentage of income from all income groups
proportional Tax
who is the U. S. is reponsible for maintaining moneys purchasing power
the board of governors of the federal reserve system