Taxes and Income

Taxes and Income

Assessment

Flashcard

Mathematics

5th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

Show all answers

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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