Financial Literacy
1.
Give 4 examples of property tax
a.
Example: Tax on a _________.
2.
A tax that includes Social Security and Medicare
taxes and is paid by an Employer. This is the definition for what type of tax?
3.
A tax on retail products based on set percentage of retail cost. This is the definition for what type of tax?
4.
Ms. Gordillo pays a tax every year because she
owns a house. Which term best describes this tax?
5.
Explain the difference between Net and Gross
Income.
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