Chapter 15
1. Federal income taxes is what's deducted from the income of a person or business.
2. An excise tax is a tax on a certain item or items.
3. Some state taxes include personal, corporate and sales taxes.
4. Some local taxes include the ability to own a license and property tax.
5. Your income doesn't have any effect on proportional tax.

Review:
1. Wage
2. Overtime
3. Commission
4. Salary
5. Bonus
6. Profit-sharing
7. Real wages
8. Net pay
9. Deductions
10. Wealth

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Chapter 16
1. An investment is a purchase of goods in hope the value will go up.
2. A form of business ownership.
3. A corporation is formed by two or more people who get a business license which divides the company into shares.
4. A stock market is a market where stocks are bought and sold.
5. Company business is never constant, and stocks depend on them.