Financial Literacy Taxes

Front

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

Back

True

Front

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

Back

Income Tax

Front

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

Back

Income Tax

Front

This tax is added to a purchase you make.

Back

Sales Tax

Front

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

Back

Social Security Tax

Front

What type of tax is charged each year on the house that Jennifer owns, for which she pays around $6,500?

Back

Property Tax

Front

What type of tax will Sally have to pay on the land that her gas station is on? Options: Property Tax, Payroll Tax, Income Tax, Sales Tax

Back

Property Tax

Front

Frank's parents own their house. Which type of tax will they pay annually? Options: Property Tax, Payroll Tax, Income Tax, Sales tax

Back

Property Tax

Front

Income tax is-

Back

Tax paid on the money you earn annually

Front

This tax is added to a purchase you make.

Back

Sales Tax