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eco review

QuestionAnswer
FICA includes taxes to pay for social security and medicare
Tax on manufacture and sale of selected items sales tax
Medicare and FICA are payroll taxes
Tax paid by corporations on their income corporate income tax
Tax that imposes higher percentage of taxation on lower incomes than on higher incomes is know as regressive taxes
person who assigns value to property for tax purposes tax assessor
tax levied on property left on an heir when a person dies estate tax
Relatively high tax of social undesirable products such as tobacco sin tax
tax of people's earning is the
tax in which everyone pays the same percentage regardless of income regressive tax
the "pay as you go" provision was a feature of the BEA
first federal budget surplus in 3 decades occurred in the year
payment for which the government receives neither goods nor services
spending in excess of revenues collected is known as deficit spending
largest category of state spending individual income tax
programs that must receive annual authorization are know as discretionary spending
a 12 month financial planning period that may or may not coincide with the calender year federal budget
an act of congress that allows federal agencies to spend money for specific purposes
broad social programs for eligible individuals are called
Created by: dalizavez
 

 



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