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Income Tax
Property Tax
Sales Tax
Payroll Tax
Excise Tax
100
Money from working for pay
What is earned income?
100
The four types of property
What are land, buildings, motor vehicles, and intangible property?
100
8%
What is Utah sales tax?
100
Federal and state governments
Who imposes unemployment taxes to employers?
100
Taxes not on importation
What is an inland tax?
200
Received from sources other than employment
What is unearned?
200
Another word for property tax
What is millage tax?
200
tax paid to the governing body for sales of certain goods and services
What is sales tax?
200
A United States federal payroll tax
What is the definition of Federal Insurance Contribution Act (FICA)?
200
A tax on licenses
What is excise tax?
300
States have option to charge tax
What is state income tax?
300
The five things property tax supports
What are local education, police/fire protection, local governments, free medical services, and local infrastructure?
300
Laws require a seller to collect funds to tax from consumer while charging for goods or service
What is point of purchase?
300
The two types of payroll tax
What are Pay-as-you-earn-tax (PAYE) and Pay-as-you-gotax (PAYG)?
300
An addition to excise tax
How does sales tax relate to excise tax?
400
Government levy on taxpayers
What is income tax?
400
Organizations local governments do not usually levy property taxes on
What are nonprofit organizations
400
Amount calculated by applying _________ rate to taxable price of sale
What is percentage?
400
Taxes that require you to withhold or pay on behalf of your employees
What is payroll tax?
400
Tax per single item or service
What is a per-unit tax?
500
Tax rate may increase as ______ income increases
What is taxable?
500
The percentage of all taxes that property taxes comprise
What is 32%
500
Sales tax levied on the sale of goods to its ______ end user
What is final?
500
Employees are required to withhold from employers wages?
What is required of a Pay-as-you-earn-tax (PAYE)?
500
A higher than normal tax
What is a heavy tax?