Caleb Helton Block 3
What is a Patent? <ul><li>Patents  give inventors of products the sole right to make, use, or sell the item for 17 years. ...
What is a Copyright? <ul><li>Copyrights  protect the creative work of authors, composers, and artists. </li></ul><ul><li>W...
What is a Trademark? <ul><li>Trademarks  are words, letters, or symbols liked with a specific company or product. </li></u...
What is a Monopoly? <ul><li>Monopolies  exist when a business has control of the market for a product or service. </li></u...
What are the US Tax Rates for Personal Income? <ul><li>The national income tax is about 15% </li></ul>
What are Property Taxes? <ul><li>Property Taxes  are based on the value of land and buildings </li></ul>
What are Sales Taxes? <ul><li>Sales Taxes  are state or local taxes on goods and services that are collected by the seller...
What are Gift Tax? <ul><li>Gift Taxes  are taxes on products that you get for free or as a gift. These taxes tend to be on...
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Chapter 4 Slideshow 2

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Chapter 4 Slideshow 2

  1. 1. Caleb Helton Block 3
  2. 2. What is a Patent? <ul><li>Patents give inventors of products the sole right to make, use, or sell the item for 17 years. </li></ul><ul><li>Patents make it possible for the inventor to make and sell his/her product before the big businesses can get to it. </li></ul><ul><li>The Ipod received its patent in 2001 </li></ul>
  3. 3. What is a Copyright? <ul><li>Copyrights protect the creative work of authors, composers, and artists. </li></ul><ul><li>Without a copyright on a song, anyone else can produce the exact same one without any penalties. </li></ul>
  4. 4. What is a Trademark? <ul><li>Trademarks are words, letters, or symbols liked with a specific company or product. </li></ul><ul><li>Target’s Target </li></ul><ul><li>Best Buy’s Price Tag </li></ul><ul><li>Food Lion’s Lion </li></ul>
  5. 5. What is a Monopoly? <ul><li>Monopolies exist when a business has control of the market for a product or service. </li></ul><ul><li>Monopolies prevent other business from forming, and the owner of the business can increase the price of a product exponentialy since there is no one else to buy from. </li></ul><ul><li>Telmex (Telefonos de  Mexico ) </li></ul>
  6. 6. What are the US Tax Rates for Personal Income? <ul><li>The national income tax is about 15% </li></ul>
  7. 7. What are Property Taxes? <ul><li>Property Taxes are based on the value of land and buildings </li></ul>
  8. 8. What are Sales Taxes? <ul><li>Sales Taxes are state or local taxes on goods and services that are collected by the seller. </li></ul>
  9. 9. What are Gift Tax? <ul><li>Gift Taxes are taxes on products that you get for free or as a gift. These taxes tend to be on larger products like cars. </li></ul>

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