Chapter 4 Pt 2

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Chapter 4 Pt 2

  1. 1. Chapter 4 pt 2 By: Mitch Murray Block 3
  2. 2. Patent <ul><li>A patent gives the inventor of a product sole rights to make, use, or sell the item. </li></ul>
  3. 3. Trademark <ul><li>A word, letter or symbol linked to a company, like a logo </li></ul>
  4. 4. Monopoly <ul><li>When a company has control of the market for a product or service. </li></ul>
  5. 5. Tax rates
  6. 6. Property tax <ul><li>Property tax , or millage tax , is an ad valorem tax that an owner is required to pay on the value of the property being taxed. </li></ul>
  7. 7. Sales Taxes <ul><li>A sales tax is a consumption tax charged at the point of purchase for certain goods and services. The tax is usually set as a percentage by the government charging the tax. </li></ul>
  8. 8. Gift Tax <ul><li>a gift tax is the tax on money are property that one living person gives to another. </li></ul>

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