U2-Managing Money L2 Taxes

Question 1

group of people with common interests and concern for the common good

Answer 1

community

Question 2

money brought in from working for pay

Answer 2

earned income

Question 3

tax collected from seller or retailer and as such often remain “hidden” in the price of a product or service, rather than being listed separately

Answer 3

excise tax

Question 4

tax on earned an unearned income

Answer 4

income tax

Question 5

tax on earned income

Answer 5

payroll tax

Question 6

tax on property, such as land, buildings(including homes), and automobiles

Answer 6

property tax

Question 7

tax on purchased goods and services

Answer 7

sales tax

Question 8

sum of money demanded by a government to support the government itself as well as specific facilities or services

Answer 8

taxes

Question 9

person who pays a tax to national, state, county, or municipal governments

Answer 9

taxpayer

Question 10

income received from sources other than employment

Answer 10

unearned income