5.3 Taxes and Government How Taxes are Collected Type of Taxes
{"Image DocumentName": "5.3 Taxes and Government How Taxes are Collected Type of Taxes", "Image ImageDescription": "Direct Taxes \u2013 income and property paid directly to ______________. Indirect Taxes \u2013 taxes included in the cost good or __________ = rent. Pay-as-You-Earn Taxes \u2013 paid as you earn income, ex = Federal Withholding taken out at every ________________________. Type of Taxes. Income Taxes \u2013 states and cities impose income taxes patterned after Federal System. Difference is tax _______________. 2. Sales Taxes \u2013 taxes added to the price of goods & services at time of _________________. Percentage of cost of each purchase. Paid when ___________ food, gas, etc\u2026 Divided between local and state governments. Property Taxes \u2013 tax on value of real property. Gov\u2019t estimates value of land, structure, etc\u2026 Tax is percentage of _____________. Used by local governments & schools. Can be added to house _____________(called escrow account)", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}