Personal Taxes

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Tags

CCSS.6.RP.A.3B

Required payments to a government

• Variable Cost

• Gross Monthly Income

• Taxes

• Income

Tags

CCSS.6.RP.A.3B

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Tags

CCSS.6.RP.A.3B

Tax on money from a job, paid once a year on April 15 to the IRS

• Payroll tax
• Coupons
• Sales Tax
• Income Tax

Tags

CCSS.7.RP.A.3

Taxes are paid by people to support themselves.

• False

• True

Tags

CCSS.RL.8.1

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

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

• True

• False

Money that the government collects from people and businesses.

• Income

• Tax

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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.6.RP.A.3C

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.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Without taxes our government would not be able to run effectively.

• True

• False