Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

FL Unit 2 Vocab

Vocabulary

TermDefinition
Ability to pay The belief that people should be taxed according to their ability to pay, regardless of the benefits they receive.
Benefits-received principle The belief that people should be taxed according to the benefits they receive from the good or service the tax supports.
Free rider One who enjoys the benefits of a good or service without paying for it.
Progressive tax A tax that takes a larger percentage of income from people in higher-income groups than from people in lower-income ones.
Regressive tax A tax that takes a larger percentage of income from people in lower income groups than from higher-income ones.
Taxes Government fees on business and individual income, activities, or products to support government programs.
Ethics A set of principles or beliefs that govern an individual’s actions.
Morals A system of values and principles of conduct that promotes good customs and virtues while condemning bad customs and vices.
Standard of living The quality and quantity of goods and services available to people, and the way these goods and services are distributed within a country.
Quality of life The overall enjoyment of life and sense of well-being.
Voluntary compliance A system that relies on individual citizens to report their income freely and voluntarily, calculate their tax liability correctly, and file a tax return on time, according to the rules established by the Internal Revenue Service (IRS).
Created by: marinacamille5
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards