NGPF Taxes (1.1 & 1.2)

Flashcard
•
Life Skills, Other
•
9th - 12th Grade
•
Hard
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27 questions
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1.
FLASHCARD QUESTION
Front
Hannah's first paycheck from her job shows that $450 was taken out in taxes. Which type of tax was taken out of Hannah's paycheck? Options: Payroll Tax, Income Tax, Sales Tax, Property Tax
Back
Payroll Tax
2.
FLASHCARD QUESTION
Front
When do you start paying taxes?
Back
When you make more than the minimum income requirement
3.
FLASHCARD QUESTION
Front
Jessie did not meet the minimum income requirement to file a tax return. What is one reason for why she should file a tax return anyway?
Back
She could potentially get a refund for the taxes that were withheld from her paycheck.
4.
FLASHCARD QUESTION
Front
Which of the following does the Federal government spend a LARGE portion of taxpayer money on? Education, Military, Transportation, Science
Back
Military
5.
FLASHCARD QUESTION
Front
What is the key difference between Net Pay and Gross Pay?
Back
Net pay is the total amount of money you get AFTER taxes are deducted.
6.
FLASHCARD QUESTION
Front
Which of the following is NOT a category in the Federal government's spending? Mandatory spending, Discretionary spending, Interest on loans issued, Interest on national debt
Back
Interest on loans issued
7.
FLASHCARD QUESTION
Front
Our tax money is spent on all of the following EXCEPT: Social Security, The Military, National Parks
Back
Private School Education
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