Ramsey ch 10 review #2

Match it! Select the correct answer from the pull down...Good luck!

a tax on the positive difference between the sale price and the value of a gift when it was inherited

Government deficit spending is a good thing because it lowers the amount of taxes that need to be collected.

a state tax on an asset an individual received from someone who has passed away

a tax that‘s imposed on a property owner’s right to transfer the property to others after his or her death

Wealth taxes are often dependent on______ , so it's a good idea to understand the tax rules________

taxes paid by anyone who owns property, such as land, a home, or commercial real estate

What does the Form W-4 estimate?

Getting a big tax refund is not necessarily a good thing