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Introduction: Match the example on the left with the type of tax that best fits on the right

Definitions :
1. Tax meant to discourage the purchase of a product

2.Tax paid by a company to sell goods from Spain in the United States

3.Tax paid annually on earnings each April

4.Tax paid by employees for Social Security and other programs

Words:
1. Income tax
2. Tariff
3. Excise tax
4. Payroll tax

HURRYYY Please help me Introduction Match the example on the left with the type of tax that best fits on the right Definitions 1 Tax meant to discourage the pur class=

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Answer:

Explanation:

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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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