Taxes, Discounts, and Tips

Taxes, Discounts, and Tips

Assessment

Flashcard

Financial Education

12th Grade

Hard

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26 questions

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1.

FLASHCARD QUESTION

Front

Mr. Lucas bought a new lounge chair for his game room for $425 with a sales tax of 8.2%. What was the amount of sales tax he paid on the chair?

Back

$34.85

2.

FLASHCARD QUESTION

Front

Vickie makes $40,000 annually. If she pays 20% in income tax, what is the amount of income tax she will pay?

Back

$8000

3.

FLASHCARD QUESTION

Front

Sales tax is __________ to the price

Back

added

4.

FLASHCARD QUESTION

Front

Peter is a college professor. His annual salary is $112,000. If he has to pay 25% income tax, what is the amount of tax he will pay?

Back

$28,000

5.

FLASHCARD QUESTION

Front

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

Back

$ 142.50

6.

FLASHCARD QUESTION

Front

What is net pay?

Back

The amount of your paycheck after taxes are taken out.

7.

FLASHCARD QUESTION

Front

What is gross earnings?

Back

The total amount of wages on your paycheck

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