| A | B |
|---|
| These two acts both work to prevent wage and salary discrimination | Equal Pay Act and the Civil Rights Act |
| Gross Pay | is the amount before deductions from your check |
| Net Pay | How much is in your pocket after all of the deductions |
| Sine Tax | High tax designeg to raise price and decrease consumption |
| Example of Progressive Tax | Federal Income Tax |
| Example of Regressive Tax | Sales Tax |
| Example of Proportional Tax | Flat tax or value tax added |
| Social Security | Tax on wages |
| Medicare | Tax on wages with no limit |
| Corporate income tax | Third larges revenue source for federal government |
| Excise tax | Fourth larges source of revenue; it is place on manufactured of sale of selected items, such as gasoline, liquor, telephone |
| Gift tax | a tax on the transfer of property by on individual to another while receiving nothing. |
