Income - money earned or received, Gross income - the total amount of personal income prior to taxes and deductions, Net income - the income that remains after taxes and other deductions, Payroll deductions - include federal and state taxes, health insurance, retirement,, Income tax - money paid by an employee or business to the federal state government, Payroll tax - money collected by an employer from an employee's salary based on employee income, Payroll taxes - include Social Security Tax and Medicare Tax., Sales tax - tax collected on a good or service, Property tax - money collected from a property owner based on the value of a property, Taxes - pay for things the government provides to its citizens,

Personal Finance 5.10A Review & 5.10B

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