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Chapter 7 Personal Finance

AB
Property taxtax collected based on the value of the property you own
sales taxtax collected based onthe value of items purchase
income taxtax collected based on the amount of taxable income you earn
taxable incomemoney you pay to the govenment for government services
Internal Revenue Service (IRS)Government agency that collects your taxes
Married filing jointlymarried people who fill out one tax return together
Qualifying Widow(er)a married person whose spouse is dead and qualifies by IRS
Married filing separatelymarried people who file two separate returns
Head Householda speical filing status for certain unmarried taxpayers who support people in addition to supporting themselves



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