Vocab Flashcard

Front

Public services like electricity, water, and gas.

Back

Utilities

Front

Routine expenses like food, utilities, and clothing that vary monthly.

Back

Living Expenses

Front

Expenses that occur once a year, like insurance premiums and real estate taxes.

Back

Annual Expenses

Front

Base amount charged by a utility for its services.

Back

Monthly Service Charge

Front

Exclusive control of a commodity or service

Back

Monopoly

Front

Tax on selling price of goods/services, usually a percent.

Back

Sales Tax

Front

Taxes collected by cities/counties from homeowners for public services.

Back

Property Tax

Front

Price to buy/sell a house.

Back

Market Value

Front

Tax on undesirable items, with federal and state rates included in purchase prices.

Back

Sin Tax

Front

Dollar value assigned to property by a tax assessor for tax purposes.

Back

Assessed Value