Sonyuchka Studies Countries That Are Located Primarily in East and Southeast

question 15

Multiple Choice

Sonyuchka studies countries that are located primarily in east and southeast Asia, the oil-rich countries of the Middle East and north Africa, the Americas (Mexico, Central America, Cuba, and other countries in the Caribbean and South America) , and the once-communist republics that formerly made up the Soviet Union and its eastern European allies. She is likely studying ________ countries.

• A) high-income
• B) middle-income
• C) low-income
• D) Asian

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Definitions:

Local Taxes

Taxes imposed by local governments, such as cities or counties, which can include property taxes, sales taxes, and income taxes.

W-2

The form that an employer must send to an employee and the IRS at the end of the year, which reports the employee's annual wages and taxes withheld.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in net profit or loss.

Tax Bracket

Where each line of the tax schedule has an increasing percent based on increasing income.