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Taxes economics vocabulary

4/8/2011 · *Economics Vocabulary 1. A major benefit, for the owners, of this form of business is that it provides for limited liability for its owners: potential losses resulting from their ownership of the company (should it lose money, face legal difficulties, or experience otherVocabulary Word Definition Local Revenues collected by city and county governments State Revenues collected by the state including gas, property , sales and some states income taxes Federal Taxes Revenues collected by the Federal government in the form a income taxes, social security taxes …See more than 680 word lists available without fees. 6 Corporation: A corporation is a form of business established as an independent legal entity, separate from the individuals who own it. There are many Business, Ethical Conduct, Character, Careers and Economics vocabulary word lists. Go to the home page at for word games, interactive worksheets, word puzzles and themed content with Latin roots that align with Common Core Standards. a tax for which the percentage of income paid in taxes remains the same for all income levels: progressive tax: a tax for which the percentage of income paid in taxes increases as income increases: regressive tax: a tax for which the percentage of income paid in taxes decreases as income increases: incidence of tax: the final burden of a taxVisit our free site designed especially for learners and teachers of Spanish SpanishCentral. com »This crossword contains the following questions and answers: Known as the father of modern economics Adam Smith Favoring or enforcing strict obedience to authority, especially that of the government, at the expense of personal freedom Authoritarian An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state . Economics Vocabulary: Do you know what these words mean?• Economics• Barter• Goods• Services• Supply• Demand• Scarcity• Producers• Consumers• Opportunity Cost• Profit• Loss• Specialization• Interdependence• Taxes• Entrepreneur• Free Enterprisesin tax relatively high tax designed to raise revenue and reduce consumption of a socially undesirable product sauch as liquor or tobacco. individual income tax the […]Direct taxes are paid by a person or organization to the government body that imposed the taxes. Value added taxes and sales taxes aren't exactly the same thing, but they're both good examples of indirect tax. 2500 pages of free content are available only online. What's a tax id number? What taxes do you owe when you sell your home? Are excise taxes and sales taxes the same thing? All this and more are covered here. incidence of a tax the final burden of the tax. Economics Vocabulary Pre-test 2. These include property taxes and income taxes – where there's no intermediary – and : I can't pass off the tax burden to someone else. tax loopholes exceptions or oversights in a tax law that allow some people and businesses to avoid paying taxes

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