Personal Finance 2.02 Vocabulary

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

• USA
• Community
• Taxes
• Govenment 

Money earned from working for pay

• Government
• Property tax 
• Payroll tax
•  Earned income

A tax on earned and unearned income

• Income tax
• Excise tax 
  xcise tax
• State tax
• Local tax

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

• State Taxes
• Excise Taxes
• Economy Taxes
• Property Taxes 

A tax on earned income

• Government tax
• Property tax
• Payroll tax
• Sales tax

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

• Local tax
• City tax
• Payroll tax
• Property tax

A tax on purchased goods and services

• Sales tax
• Income tax
• Product tax
• Consumer tax

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

• Surplus 
• Taxes
• Demand
• Government 

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

• Tax payer
• Consumer
• Economist 
• Stock broker 

- Income received from sources other than employment

• Income tax
• Earned income
• Unearned income
• Property tax