Define the following types of taxes: (5 pts.)
1.
Income Taxes
2.
Payroll Taxes
3.
Property taxes
a.
FICA tax, Medicare tax, federal income tax, state income tax, and other local taxes are all part of a specific tax.
b.
You pay these taxes if you own a home, boat, car, ATV, etc.
c.
Taxes that you pay based on your salary, hourly wage, tips, or interest.
