Question 1

Ms. Parvin pays a tax every year because she owns a house. Which term best describes this tax?

Accepted Answer

Property tax

Answer

Sales tax

Answer

Income tax

Answer

Payroll tax

Question 2

A definition of a financial term is shown in the box. Which term best fits this definition?

Accepted Answer

Payroll tax

Answer

Sales tax

Answer

Property tax

Answer

Gasoline tax

Question 3

A definition of a financial term is shown in the box. Which term best fits this definition?

Accepted Answer

Sales tax

Answer

Payroll tax

Answer

Property tax

Answer

Income tax

Question 4

What is income tax?

Accepted Answer

The tax paid on the money that a person or business receives as income. The tax paid on the money that a person or business receives as income.

Answer

Tax added to the price of certain goods and services, 
normally as a percentage of the purchase price.

Answer

The tax paid by a company based on the amount of money the company spends paying all of its employees.

Answer

The tax on property that the owner is required to pay.

Question 5

How would you define property tax?

Accepted Answer

The tax on property that the owner is required to pay.

Answer

The tax paid by a company based on the amount of money the company spends paying all of its employees.

Answer

The tax paid on the money that a person or business receives as income. The tax paid on the money that a person or business receives as income.

Answer

Tax added to the price of certain goods and services, 
normally as a percentage of the purchase price.

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