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The Basics of Taxes - FINAL REVIEW

AB
Payroll taxesSocial Security and Medicare taxes withheld from a paycheck (also sometimes called FICA)
Income taxA tax on money earned
Property taxA tax on the assesses value of property, such as land, buildings (including homes), and automobiles
Sales taxA tax on purchased goods and services paid at the time of purchase
TaxesA sum of money demanded by a government to support the government itself as well as specific facilities or services
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Business Teacher
Wichita High School South

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