Fill in this table as you work through the lesson.you may also use the glossary to help you. Revenue income tax property tax sales tax withholding

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The explanation of the terms is as follows

Revenue is the earnings that an organization generates as a result of its sales.

What is Income Tax?

Income tax is the tax that is payable to the tax authorities of the country, on the income earned by the organization, usually a fixed rate is payable.

Property Tax is the tax payable during the occupancy of a property, this tax is dependent on the area covered.

Sales Tax is the tax that is payable to tax authorities for the sales made, this tax is borne by the ultimate consumer.

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