You are charged this tax by the federal government on your yearly pay.

this is:

income tax
sales tax
property tax
excise tax

example 2:
you own a piece of property and receive a tax bill from the state each year.

this is:

income tax
sales tax
property tax
excise tax

example 3:
this business pays income taxes on the sales of its products each year.

this is:

income tax
sales tax
property tax
excise tax

example 4:
you buy a computer from a store. you pay tax on that purchase.

this is:

income tax
sales tax
property tax
excise tax

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: