Types of Taxes and Their Applications

Front

What is sales tax?

Back

A tax added to the price of goods and services when you buy them.

Front

What is income tax?

Back

A tax that you pay on the money you earn from working.

Front

What is property tax?

Back

A tax based on the value of property you own, like a house or land.

Front

What is payroll tax?

Back

A tax that employers pay based on the wages they pay to their employees.

Front

If you buy a toy for $10, what tax do you pay?

Back

Sales tax.

Front

If you earn money from a job, what tax do you pay?

Back

Income tax.

Front

If you own a house, what tax do you pay?

Back

Property tax.

Front

If you work at a restaurant, what tax is taken from your paycheck?

Back

Payroll tax.

Front

What type of tax is added when you buy food at a store?

Back

Sales tax.

Front

What type of tax do you pay if you are a teacher?

Back

Income tax.