5th Grade Financial Literacy

Billy owns a home in the country. Each year he has to pay taxes on his home

• Property

• Sales

• Income

• Payroll

Mr. Griffin owns his own home and each year, he must pay taxes on his house and land.

• Property

• Sales

• Income

• Payroll

At the end of the year, Eunice files a form with the IRS to note her income. She finds that she needs to pay more money in taxes.

• Property

• Sales

• Income

• Payroll

Every year on April 15, adults in the US must file and pay taxes to the US government based on the money they made the previous year.

• Property

• Sales

• Income

• Payroll

Brandon owns his own business. He must file and pay taxes based on the money his business makes.

• Property

• Sales

• Income

• Payroll

Mabry went shopping and bought some gifts for her sisters. The total was more than the price on the price tags.

• Property

• Sales

• Income

• Payroll

Tags

CCSS.7.NS.A.2A

CCSS.7.NS.A.2B

Aaryn wants to buy a new iPad. He noticed that the checkout total was more than the listed price.

• Property

• Sales

• Income

• Payroll

Presley and her family went to the store to buy new cat toys for Pablo and Mr. Magoo. The tag on the toy said $4.99, but the total was $5.40.

• Property

• Sales

• Income

• Payroll

Tags

CCSS.6.RP.A.3D

Brady went to a baseball game and bought some souvenirs from the gift shop. What type of tax will he have to pay?

• Property

• Sales

• Income

• Payroll

At the end of a week at work, Isa gets her paycheck but notices that she has some taxes taken out.

• Property

• Sales

• Income

• Payroll