

Taxes and Income
Flashcard
•
Mathematics
•
5th Grade
•
Practice Problem
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the income that remains after taxes and other deductions?
Back
Net Income
2.
FLASHCARD QUESTION
Front
What is the tax on something you buy called?
Back
Sales Tax
3.
FLASHCARD QUESTION
Front
What is the tax on the value of a house, building, or land?
Back
Property Tax
4.
FLASHCARD QUESTION
Front
What tax does the boss take out of your check for social security and Medicare?
Back
Payroll Tax
5.
FLASHCARD QUESTION
Front
What is the total amount of personal income before taxes and deductions?
Back
Gross Income
6.
FLASHCARD QUESTION
Front
What is a tax that is based on the income you earn?
Back
Income Tax
7.
FLASHCARD QUESTION
Front
What is the tax called that is added to the price of goods and services?
Back
Sales Tax
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