Types of Taxes - Unit 12

$2,880

$3,380

$3,600

$4,200

income tax

Social Security collected through payroll tax

Medicare collected through payroll tax

corporate tax

Purchases made in the state of Ohio require a tax payment of 5.75 cents for every dollar.

Owners of very heavy vehicles, such as tractor-trailers, must pay a federal tax of at least $100 each year they use the vehicle.

Employers and employees each pay a Social Security tax of up to 6.2 percent of an employee's income.

People who live in the municipality of Hanover, Pennsylvania pay a 1 percent local income tax.

purchasing their first house

renting an apartment

renovating a house they own, increasing its value

purchasing an additional car