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9 Cards in this Set

  • Front
  • Back

Estate tax

Tax collected on the value of goods left to an heir

Gift tax

Taxs that the giver of gifts must pay ( 12000)

Income tax

Taxes you pay on most types of income you receive

Property tax

Tax on the value of real property

Sales tax

Tax added to price of goods and services at the time of purchase

Budget

A plan for during dividing income among spending and saving

Fixed expenses

Have to pay

Flexible expenses

Choose to pay

Luxury goods

More money more stuff