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Personal Finance 4.01 &4.02 Vocabulary

AB
CommunityA group of people working together for a common good
FamilyRelated or unrelated individuals sharing various resources who also show concern about each other's well-being
In-kind incomeThe provision of a product or service in lieu of money
Non-profitAn 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
GovernmentThe system of governance that provides structure, protection, and services to people residing in a nation, state, county, or municipality
Income taxA tax earned on income, usually at the federal or state level
Property taxA tax on things 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


North Iredell High School
Olin, NC

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