Personal Finance - Chapter 2-2

dividends

a portion of a corporation's profits distributed to stockholders

public goods

government-provided goods and services paid for by taxes

transfer payments

money and benefits received from local, state, or federal governments

interest

money earned on saving accounts and other funds

in-cash payments

money in the form of a check, debit card, or other direct payment given to a person needing assistance

unearned income

money received from sources other than working

in-kind payments

payments made indirectly on a person's behalf or in a form other than money

use taxes

taxes based on use of goods and services provided by the government

excise taxes

taxes charged on the purchase of specific goods and services

sales taxes

taxes levied on consumer purchases of goods and services

property taxes

wealth taxes based on the assessed value of owned real estate