income tax payroll tax property tax sales tax a tax on retail products based on a set percentage of retail…

income tax payroll tax property tax sales tax a tax on retail products based on a set percentage of retail cost a tax that includes social security and medicare taxes and is paid by an employer a tax on land and buildings that a person owns and business and farm equipment a tax on the earnings of an individual or business

income tax payroll tax property tax sales tax a tax on retail products based on a set percentage of retail cost a tax that includes social security and medicare taxes and is paid by an employer a tax on land and buildings that a person owns and business and farm equipment a tax on the earnings of an individual or business

Answer

Brief Explanations:

  • A tax on retail products based on a set percentage of retail cost is sales tax.
  • A tax that includes Social Security and Medicare taxes and is paid by an employer is payroll tax.
  • A tax on land and buildings that a person owns and business and farm equipment is property tax.
  • A tax on the earnings of an individual or business is income tax.

Answer:

  • A tax on retail products based on a set percentage of retail cost: Sales Tax
  • A tax that includes Social Security and Medicare taxes and is paid by an employer: Payroll Tax
  • A tax on land and buildings that a person owns and business and farm equipment: Property Tax
  • A tax on the earnings of an individual or business: Income Tax