Types of Taxes

Jose Altuve for the Houston Astros makes $625,000 every year.  He has to pay taxes on the money his annual earnings. Which type of tax is that?

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

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

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

Jared bought a new boat. He had to pay which kind of tax on his new boat? 

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

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

Harris county charges tax each year on the house that Julia owns.  She pays around $6,500 in taxes each year for her house. Which type of tax is this?

• Income
• Property
• Payroll
• Sales

This is a tax on retail items 

• Income
• Property
• Payroll
• Sales

Mr. Keen earns $4,350 each month.  However when he gets his paycheck it is always less than $4,350, because taxes have been taken out of his paycheck.  What type of tax is this?

• Income
• Property
• Payroll
• Sales

Property Tax is-

• Tax on things you buy or purchase
• tax on the house you own
• tax take out of your paycheck
• tax that you pay once a year on your income

Sales Tax is-

• tax on retail goods
• tax on the house you own
• tax taken out of your paycheck
• tax that you pay once a year on your income

Payroll Tax is-

• the amount of money you actually get to take home
• FREE MONEY
• tax taken out of your paycheck by your employer or boss
• tax when you buy something