What I know about taxes 2

ALL ABOUT TAXES
By : Jatroniza warrior

What I know about taxes? I
know that some taxes are
demanded by the government.

What are taxes?

Money that can be demanded
by government.

What is a community? A group
of people with common

interest for the common good.

What are the benefits of taxes?
Public utilities and amenities:
Free Education and Medicare:

Social Security.

What is federal income tax?
Majority of people living in the

United states

What is state income tax?
Varies by state but examples
include state highways and the

operations of the state
government.

What is a payroll tax? Taxes are
taxes imposed on employers or

employees.

How do employers contribute
to payroll?

Taxes? Federal payroll tax
responsibilities include
withholding from an

employee's compensation and
paying an employer's

contribution for Social Security
and Medicare taxes.

What is a property tax? A tax
on property such as land

building and a motor vehicle.

What is a sales tax? Taxes on
goods and service.

What are the two
most important things to

Know about taxes? How they
are determined and how it’s
managed.

What is an excise tax? Tax
collected from the seller.