Lesson 2
1. what is a tax?
2. what is the internal revenue service?
3. what is the capital gains tax?
4. give at least two examples of types of state taxes.
5. what is a pay stub?

1) Taxes are compulsory financial charges levied upon taxpayers by government entities in order to fund their activities.

2) The IRS is the government agency responsible for collecting federal taxes and enforcing federal tax law.

3) Capital gains taxes are taxes levied upon the profit resulting from the sale of non inventory assets (e.g. land, house, stocks, etc.)

4) Two examples of state taxes are: corporate state taxes and real property taxes.

5) A pay stub or a pay slip is a document that itemizes what an employer pays to its employee. It includes the salary minus the deductions made.

idk sorry

explanation:

answernet income for 2017 will be greater if the inventory quantity declines;