Words matched with their definitions are:
1. Income tax: An annual tax on earnings is paid in April.
2. Tariff: A tax designed to deter the purchase of a product.
3. Excise tax: A tax paid by a company to sell Spanish goods in the United States.
4. Payroll tax—A tax paid by employees to fund Social Security and other government programs.
What is a tax?
A financial charge that is compulsory for all those people involved in money-making activities or some other type of levy imposed by a governmental organisation in order to fund government spending and various public expenditures and taxes.
It is a compulsory contribution made to the state revenue, levied by the government on workers' income and business profits. There are various types of taxes that depend upon the business or money-making activity.
Therefore, all the given words are matched with their definition.
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