I CAN UNDERSTAND THE TYPES OF TAXES

Corbin Oxendine

TAXES

Income Tax- An income tax is a government tax on imposed on individuals or entitles that varies with income or profit.

Payroll Tax- Are the state and federal taxes that you are required to withhold or pay on behalf of your employers

Property tax- A property tax is a tax that the owner is required to pay

Sales tax- A tax on sales or the receipts of sales

Excise Tax- Are paid when purchased on specific goods such as gasoline.

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Sales Tax

A tax on sales

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Excise Tax

Are paid when purchased on specific goods, such as gasoline.