Directions: Choose the Best Answer Based on the Information You

question 4

True/False

Directions: Choose the best answer based on the information you read in Chapter Eighteen.
Nouns refer to persons, places, things, or ideas.

---

Definitions:

Taxes

Financial charges imposed by governments on individuals, businesses, or other entities, primarily to fund public expenditures.

Labor

Work performed by people that contributes to the production of goods and services in an economy.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of additional income that is taken as tax.

Worker

An individual engaged in some form of productive labor, either as an employee, contractor, or self-employed person, contributing to the production of goods and services.