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4.01 and 4.02 Receiving

Receiving from Family, Friends, and Non-profits
Receiving from Government programs

AB
GovernmentThe system of governance that provides structure, protection, and services to people residing in a nation, state, county, or municipality
Income TaxA tax on earned income, usually at the federal or state level in the United States
Non‐profitsOrganizations that exist for human service, conservation, religious, or other charitable purposes to benefit others These organizations are not required to pay taxes
Property TaxA tax on property such as land, houses, or cars
Sales TaxA tax on items purchased in retail stores
TaxpayerA person who pays a tax to national, state, county or municipal governments
CommunityA group of people working together for a common good
FamilyRelated or unrelated individuals sharing various resources (especially time and money) who also show concern about each other’s well‐being
In‐kind incomeThe provision of a product or service in lieu of money
Non‐profit organizationAn organization that exists to benefit others through human service, conservation, religious, or other charitable purposes
Social capitalThe access a person has to social relationships that can provide resources


Business, Finance and Information Technology Teacher
T C ROBERSON HIGH SCHOOL
Asheville, NC

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