Economics Final

Taxes paid based on the value of your personal property

• property tax
• income tax
• sales tax
• payroll tax

Taxes paid by the employee based off their earnings from a job.

• Property tax
• Income tax
• Payroll tax
• Sales tax

Taxes that you pay on items you buy.

• Property tax
• Income tax
• Payroll tax
• Sales tax

Money that is taken away from a person's gross income

• Property tax
• Income tax
• Payroll tax
• Sales tax

Taxes on things like gas, food, and clothes

• Property tax
• Income tax
• Payroll tax
• Sales tax

Determined by how much land a person owns

• Property tax
• Income tax
• Payroll tax
• Sales tax

Taxes have been around for thousands of years

• True
• False

Which answer choice does not represent an advantage to using credit cards over other forms of payment?

• payments made abroad with credit card
• emergency contact number for lost card
• interest due on outstanding balance

You can purchase an item now and pay later.

• debit card
• credit card
• both

Interest is usually charged if the total balance is not paid off each month.

• Credit card
• Debit card
• Both