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Explain that taxes are paid to federal, state, and local governments to fund government goods and services and transfer payments from government to individuals and that the major types of taxes are income taxes, payroll (Social Security) taxes, property taxes, and sales taxes.
Standard #: SS.912.FL.1.6Archived Standard
Standard Information
General Information
Subject Area: Archived Social Studies
Grade: 912
Body Of Knowledge: Financial Literacy (Discontinued after 2023-2024)
Standard: Earning Income
Date Adopted or Revised: 04/15
Status: State Board Approved - Archived
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