Sales Tax and Income Tax

Front

Sales tax is __________ to the price.

Back

added

Tags

CCSS.6.RP.A.3B

Front

If Noah made $92,000 and pays 22% in income tax, how much tax does he pay?

Back

$20,240

Tags

CCSS.6.RP.A.3C

Front

If Peter's salary is $112,000 and he pays 25% income tax, how much tax does he pay?

Back

$28,000

Tags

CCSS.6.RP.A.3C

Front

Mr. Barrett bought a battery for $72 with a sales tax of 7.5%. What is the sales tax amount?

Back

$5.40

Tags

CCSS.6.RP.A.3C

Front

An online retailer collects 7% sales tax on a $76 purchase. How much is the sales tax?

Back

$5.32

Tags

CCSS.6.RP.A.3C

Front

What is the formula to calculate sales tax?

Back

Sales Tax = Price × Sales Tax Rate

Tags

CCSS.6.RP.A.3D

Front

What is the formula to calculate income tax?

Back

Income Tax = Income × Income Tax Rate

Tags

CCSS.7.RP.A.3

Front

What is the difference between sales tax and income tax?

Back

Sales tax is a tax on purchases, while income tax is a tax on earnings.

Front

If an item costs $50 and the sales tax is 8%, what is the total cost?

Back

Total Cost = $50 + ($50 × 0.08) = $54

Tags

CCSS.6.RP.A.3C

Front

If a person earns $50,000 and pays 15% in income tax, how much tax do they pay?

Back

$7,500

Tags

CCSS.6.RP.A.3C