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Economics

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Myra Bradtke

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Cards in this guide (16)
What kind of tax must be paid by the person who owes the tax

direct a+

Who is in charge of approving all payments made by the state

Auditor

What type of tax is sales tax on gasoline an example of
Which of these is not a reason why people often buy a cheaper product

to buy better quality

Is annual income your gross or net income

Your annual income is generally your net income - what you earned (gross income) minus the taxes and pre-tax benefits you pay for prior to getting your paycheck (deductions).

What type of insurance coverage will pay for the loss of a person's sight

It is important to have different types of insurance during a life time. A persons health insurance coverage will pay for the loss of the person's sight.

Which type of insurance will pay for the loss of the insured's leg or arm

Accidental Death or Dismemberment

did you know people eat toilet paper in prison so they wont starve..........

Description of the Gross World Product

The gross World Product is the combined Gross National Product of all the countries in the world. It is also equal to the Gross Domestic Product.

Which term is defined as the dollar amount earned in a worker's paycheck

nominal wages

Which steps are sequential in the time management process

2nd one

Is salary an example of earned income

Yes.

Which of these statements is true about the middle coloines

They had a large variety of farm products

Which of these is the best description of a the tax base

It represents the subject being taxed

What employees are paid for the number of hours worked during a specified period

hourly

What is best definition of net income

"Net income" simply means income minus expenses.

In a mixed-market economic system who determines what products should be produced and how they should be produced

In a command economy, also known as a planned economy, the government largely determines what is produced and in what amounts. In a mixed economy both market forces and government decisions determine which goods and services are produced and how they are distributed.

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