Taxes, Taxes, Taxes

Front

Paycheck Page 1: What is the gross pay on the check? (Hours x Payrate) =

Back

$3000

Front

Which is the BIGGEST tax that is taken out of your paycheck?

Back

Federal Income Tax

Front

How much total money is taken out of this paycheck for taxes and other deductions?

Back

Little more than 1/3 of paycheck is gone.

Front

What is the 'net pay' of the paycheck? (what you are left with after taxes)

Back

$1,834

Front

How much money did this person choose to go towards their retirement every paycheck?

Back

$200

Front

Page 2: Tax brackets. If you make very, very little, what % does the government take for taxes?

Back

10%

Front

If you are really rich and make more than $500,000 a year, what percentage of that money goes to the government?

Back

39%

Front

Which is true? Options: The less you make, the more you get taxed. The more you make, the higher percentage tax is taken out. The more you make the lower you get taxed. If you are cool, you don't get taxed at all.

Back

The more you make, the higher percentage tax is taken out.

Front

If you are a 'single filer' and get taxed 25%, how much money do you make? Options: Up to $9,275, $91,000- $190,000, $37,000-$91,000, Over $450,000

Back

$37,000-$91,000

Front

If you are 'head of household' and make $300,000 exactly, what percentage of that does the government take?

Back

33%