Question

When your parents get paid, the company they work for hold back a certain amount of money for taxes. These taxes are called __________ tax. 1 point sales tax income tax personal tax property tax

Answer 1

Answer:

Income tax

Explanation:

This is an example of an income tax. An income tax is a tax that the government imposes on the income generated by people within a particular jurisdiction. This is one of the main ways in which the government is able to obtain revenue. Income taxes are very important, as they fund many of the services that the government provides.