Types of Taxes

Front

Sally owns a gas station. What type of tax will she have to pay on the land that the gas station is on?

Back

Property Tax

Front

The state of Virginia decided recently to raise the gasoline tax. This is an example of what type of tax?

Back

Excise tax

Front

This is a tax on retail items (things you buy at a store)

Back

Sales

Front

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

Back

Income Tax

Front

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

Back

Sales tax

Front

Income tax is-

Back

Tax paid on the money you earn annually

Front

What type of tax is applied to the cost of the new Fallout 4 game, which is $59.99, but the cashier asked for more money because of a tax?

Back

Sales

Front

What type of tax is deducted from Mr. Keen's paycheck, which is always less than his monthly earnings of $4,350 due to taxes including Social Security and Medicare?

Back

Payroll

Front

What kind of tax will Stephanie have to pay on the profit she made from selling stocks for $200 after buying them for $100?

Back

Capital Gains Tax

Front

Which type of tax does Julia pay annually on her house, amounting to around $6,500? Options: Income, Property, Payroll, Sales

Back

Property