chapter 22 vocab 10 terms of it.

  1. Tax: Money that you are required to pay.
  2. Sales Tax: tax that is put on goods and services.
  3. Property Tax: taxes on personal property.
  4. Incidence of a tax: the last ‘heavy’ part of tax
  5. Tax return: a form people fill out yearly
  6. Excise tax: a tax on only a certain amount of items
  7. Tax incentive: tax used to make the customer buy and item or not.
  8. Tax exempt: when taxes aren’t needed to be paid
  9. Tax assessor: person who arranges prices.
  10. Budget: plan of spending money.
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