WHS BAC Chapter 11 Paying Taxes
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| revenue | the money that federal or state agencies collect and use
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| receipts | income
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| deductions and exemptions | money you deduct from your income
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| dependent | a person who is supported financially by another person
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| income | the amount of money you earn
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| taxable income | the total income on which taxes are paid
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| refund | a payment returned to the taxpayer
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| balance due | a payment owed by the taxpayer
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| assessed value | a figure based on a percent of the market value of property
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| market value | the selling price of property on the open market
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| property tax | a figure based on a percent of the assessed value
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| effective tax rate | the assessment rate times property tax rate
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Or sort by any of the columns using the down arrow next to any column heading.
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