Match the definition with the tax.

Question

(5 points)
definitions:
A tax paid to local governments by landowners, homeowners, and businesses.
A tax taken from the profits earned from business activities. 
A tax paid on personal earnings from wages, interest, and investments. 
A tax by state and local governments on the sale of goods and services at the point of sale. 
A tax paid on the wages and salaries of employees.

tax:
Payroll tax
Corporate income tax
Property tax
Sales tax
Individual income tax

Answer 1

Property tax - A tax paid to local governments by landowners, homeowners, and businesses.
Corporate income tax - A tax taken from the profits earned from business activities.
Individual income tax - A tax paid on personal earnings from wages, interest, and investments.
Sales tax - A tax by state and local governments on the sale of goods and services at the point of sale.
Payroll tax - A tax paid on the wages and salaries of employees.