Question

matching types of taxes
introduction: match the example on the left with the type of tax that best fits on the right.
tax paid annually on earnings each april
tax meant to discourage the purchase of a product
tax paid by employees for social security and other programs
tax paid by a company to sell goods from spain in the united states
excise tax
tariff
income tax
payroll tax

Explanation:

1. The tax paid annually on earnings each April is income - tax as it is based on an individual's or entity's earnings.
2. A tax meant to discourage the purchase of a product is an excise tax, often imposed on goods like tobacco and alcohol.
3. The tax paid by employees for Social Security and other programs is payroll tax, which is deducted from employees' paychecks for such purposes.
4. The tax paid by a company to sell goods from Spain in the United States is a tariff, which is a tax on imported goods.

Answer:

1. Tax paid annually on earnings each April - Income tax
2. Tax meant to discourage the purchase of a product - Excise tax
3. Tax paid by employees for Social Security and other programs - Payroll tax
4. Tax paid by a company to sell goods from Spain in the United States - Tariff