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Taxes Vocab.
Business Vocab.
Government and Money
Owning a Business
Misc.
100
Money raised.
What is revenue?
100
Exclusive right to make and sell an invention for a certain number of years.
What is a patent?
100
Other than taxes, name one way the government raises money.
Fees, fines.
100
A small, family owned hardware store is an example of...
sole proprietorship
100
Date by which income tax returns must be postmarked.
What is April 15?
200
Shortage of money.
What is deficit?
200
Shares of owenership.
What is stock?
200
The largest source of revenue for the federal government is...
Income tax.
200
Americans relying on their own energy and running their business they way they think is best without government direction is called...
free enterprise
200
Name one way in which the goverment oversees/regulates the U.S. economy.
Prevent pollution, protect workers health/safety, product buyers from harmful products.
300
Money taxpayers are allowed to deduct for themselves and for each dependent.
What is exemptions?
300
Human effort used to produce goods.
What is labor?
300
Money collected from ______________ tax is used mainly for people with diasbilities and retired people.
Social Security
300
True or False: a corporation's board of directors represents stockholders in making decisions for a corporation and choosing executives.
True.
300
Monopolies are illegal because they discourage ____.
competition
400
Revenues equals expenditures.
What is balanced budget?
400
Business owener.
What is entrepreneur?
400
At the federal level, the collection of taxes is handled by the...
Internal Revenue Service (IRS)
400
Stock that is less of a risk but may yield less of a profit is...
preferred stock
400
Income a business has after paying its expenses.
What is profit?
500
Tax that takes larger precentage of income from high-income groups than from low-income groups.
What is progressive tax?
500
Corporation profits paid to stockholders.
What is dividend?
500
The _______ branch prepares the federal budget, and the ________ branch makes it a law.
Executive (president), Legislative (Congress)
500
The money people invest in a business.
What is capital?
500
When capital is privatley owned.
What is capitalism?