Tax vocab

Front

Mandatory payments by individuals and corporations to fund government activities.

Back

Taxes

Front

Tax system where high income earners pay a larger income fraction.

Back

Progressive

Front

Not one of the three basic tax categories?

Back

Leisure

Front

Federal agency for collecting US income taxes

Back

IRS

Front

Tax category for sales tax?

Back

Consumption tax

Front

Tax category for property tax?

Back

Wealth tax

Front

Payroll tax category?

Back

income tax

Front

Government program providing retirement and disability benefits.

Back

Social Security

Front

Payroll tax is paid by both employer and employee.

Back

True

Front

Federal government collects sales tax?

Back

False