Civics
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Something that you pay for is called...
Back
An Expense
2.
FLASHCARD QUESTION
Front
Money that you make is called...
Back
Income
3.
FLASHCARD QUESTION
Front
What is a budget
Back
A plan to manage income and expenses
4.
FLASHCARD QUESTION
Front
What type of tax does Jonathan have to pay for his new clothes costing $572.50 before tax? Options: Income Tax, Property Tax, Payroll Tax, Sales Tax
Back
Sales Tax
5.
FLASHCARD QUESTION
Front
Kimberly has to pay taxes on her annual salary and investments. Which type of tax is Kimberly paying?
Back
Income Tax
6.
FLASHCARD QUESTION
Front
Tax on the value of a house, building or land is called what?
Back
Property tax
7.
FLASHCARD QUESTION
Front
Tax Obligation
Back
A duty or obligation to pay all applicable taxes, interest, and penalties.
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