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10 Cards in this Set

  • Front
  • Back
Custom duties
taxes on imports and exports aka tariffs
Property Taxes
a payment levied by govt based on the amount of property a tax payer owns.
a tax on sale or manufacture of a specific product- like grain, sugar, salt, tea, alcohol, and tobacco
Income tax
a tax levied on individials or corporate income
Estate tax or death tax
Payroll tax
a tax based on wages, tips and salaries paid, part of which is deducted from the employees pay and the employer pays the rest
Social insurance
govt programs that provide protection against financial losses associated with work
General sales tax
a tax levied on retail sales
a tax that accumulates on goods as they move from raw materials through the production and distribution
User fees
a payment made by those who use a specified good or service provided by govt