The ________________ is a labor market based on flexible, temporary, independent contractors and freelancers most often connected to customers through an online platform. A ____________________ is a formal arrangement in which an individual performs specific tasks, responsibilities, or roles within an organization or profession in exchange for compensation. ____________________ is imposed by local and state governments based on the value of property. Property is primarily land and anything attached to it or erected on it, which can include residential or commercial property. ____________________________ increases to higher rates as taxable income increases. The burden increases as income increases.

1. Gig Economy – The gig economy refers to a labor market characterized by short-term, flexible jobs, often facilitated by digital platforms, where individuals work as independent contractors or freelancers rather than full-time employees.

2. Employment Contract – An employment contract is a formal agreement between an employer and an employee outlining the specifics of the job, including duties, rights, and compensation.

3. Property Tax – Property tax is a tax imposed on real estate by local and state governments, based on the assessed value of the property.

4. Progressive Tax – A progressive tax system is one where the tax rate increases as the income of the individual rises, meaning those with higher incomes pay a larger percentage in taxes compared to those with lower incomes.

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