Financial Literacy Taxes

Property tax is based on the value of personal property, home, land and etc.

• True

• False

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Payroll and _________ are taxes that are deducted from a person's paycheck.

• Sales Tax

• Income Tax

• Property Tax

Tags

CCSS.7.RP.A.3

These types of taxes take a percentage of your paycheck. The more you make , the more that is take out.

• Sales Tax

• Income Tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

This tax is added to a purchase you make.

• Sales Tax

• Income Tax

Tags

CCSS.7.EE.B.3

These taxes come out of a person's paycheck and is meant to help people once they retire.

• Sales Tax

• Social Security Tax

Tags

CCSS.7.RP.A.3

Travis county charges tax each year on the house that Jennifer owns. She pays around $6,500 in taxes each year on the house that she owns. What type of tax is this?

• Property Tax

• Sales Tax

• Income Tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Sally owns a gas station.  What type of tax will she have to pay on the land that the gas station is on? 

• Property Tax
• Payroll Tax
• Income Tax
• Sales tax

Tags

CCSS.7.RP.A.3

Frank's parents own their house. Which type of tax will Frank's parents pay annually?

• Property Tax
• Payroll Tax
• Income Tax
• Sales tax

Tags

CCSS.7.RP.A.3

Income tax is-

• Money your employer pays to you
• Money you earn and put into the bank
• Tax paid on the money you earn annually
• Money you pay to your employee

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

This tax is added to a purchase you make.

• Sales Tax

• Income Tax

Tags

CCSS.7.EE.B.3