100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Personal Finance Modules 12, 13, 14 Review Questions and Answers Graded A+ $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Foolproof
  4.  
  5. Foolproof

Exam (elaborations)

Personal Finance Modules 12, 13, 14 Review Questions and Answers Graded A+
 5 views  0 purchase
  • Course
  • Foolproof
  • Institution
  • Foolproof

Personal Finance Modules 12, 13, 14 Review Questions and Answers Graded A+ tax an amount of money you are required to pay to the government ability to pay principle -people who can afford to pay more taxes should pay more to help those who can't pay a lot -federal income tax based on thi...

[Show more]

Preview 1 out of 2  pages

Document information

  • September 11, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • personal finance modules 12 13 14 review questio
  • tax an amount of money you are required to pay to
  • ability to pay principle people who can afford to
  • progressive tax paying a larger percent of your i

Written for

  • Foolproof
  • Foolproof

Seller

avatar-seller
julianah420

Reviews received

Content preview

Personal Finance Modules 12, 13, 14
Review Questions and Answers Graded
A+

tax - answer an amount of money you are required to pay to the government

ability to pay principle - answer-people who can afford to pay more taxes should pay
more to help those who can't pay a lot
-federal income tax based on this

benefits received principle - answer-those who receive benefits should be taxed
-toll highways

progressive tax - answer-paying a larger percent of your income in taxes as your
income or cost of an item goes up
-ability to pay tax

regressive tax - answera person with a lower income pays more in tax than a person
with a higher income

personal income tax - answer-taxes on income you make personally
-progressive

sales tax - answer-tax collected by a government body on the retail of a good or service
-regressive

property tax - answertax paid by the owner of a property, usually to state or local
government

excise tax - answera tax that is paid on the amount of sales a business does

tax deduction - answeran expense subtracted from your income before the tax is
calculated

w-4 tax form - answer-filled out by you
-tells employer how much tax to withhold from your paycheck
-amount is determined by the deductions you qualify for

w-2 tax form - answer-employer gives this to show how much you were paid for during
the year

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart