Tax
What is taxes?
A sum of money demanded by a government to support the government itself as well as specific facilities or services.
what is medicare?
Federal health insurance for people 65 or older
What is property tax?
A tax on property, such as land, buildings (including homes), and motor vehicles
What is a sales tax?
Tax on purchased goods and services
What are the main type of taxes?
federal income taxes, payroll taxes (Social Security and Medicare), and state income taxes
What is the purpose of Medicare?
To help pay for health care for senior citizens.
Who pays for property tax?
Property owner.
Who pays sale tax?
Anyone who purchases an item charged with sales tax
A person who pays a tax to national, state, county or municipal (city/town) governments
A taxpayer
How often are you supposed to pay for medicare.
Monthly
Property taxes are determined by?
Percentage of property value
Sales taxes are determined by?
A percentage added to the original price of an item