Taxes

Income, sales, property and payroll tax

Word Cloud

Why do we have taxes?

Match

Match the vocabulary words.

• Tax paid on a good or service that you buy

• Tax paid on money earned when you have a job

• Tax an employer or company withholds from employees’ paycheck

  (based on your income)

• Tax paid on the value of property you own (home, land, building)

Sales Tax

Income Tax

Payroll Tax

Property Tax

• Sales Tax

• Income Tax

• Payroll Tax

• Property Tax

Multiple Choice

Keisha made a salary of $60,000 working as a nurse last year. She paid the government $10,000 based on her earnings. Why?

• income tax

• sales tax

• property tax

• payroll tax

Multiple Choice

Romero earns $500 a week.  He has $50 deducted from this paycheck for medicare and social security. Why?

• income tax

• sales tax

• property tax

• payroll tax

Multiple Choice

Janet goes to the store to buy a new computer that cost $600.  She pays $660 at the checkout counter.  Why?

• income tax

• sales tax

• property tax

• payroll tax

Multiple Choice

Amari owns a house valued at $200,000. He paid the government $4,000 last year based on this value. Why?

• income tax

• sales tax

• property tax

• payroll tax

Match

Match the scenarios with the vocabulary terms

• This tax is added to your restaurant  bill.

• Chick-fil-a pays a certain percent of money to the government based on the value of its land and building

• Keisha works as a paramedic and paid the government $15,000 last year. This amount was based on her yearly salary of $75,000.

• Rockwall ISD withholds $245 dollars in taxes from Mrs. Smiley’s paycheck every month.

sales tax

property tax

income tax

payroll tax

• sales tax

• property tax

• income tax

• payroll tax

Match

Match the scenarios with the vocabulary terms

• Kevin buys a new pair of shoes that has a price tag of $39.  When he goes to pay for them, the actual price is $47.38.

• Mr. Hundley pays a yearly tax of $4,500 that is based on the value of his house.

• Anthony pays a tax to the federal government based on how much money he makes in a year.

• Everytime Pierson gets paid, $123 is withheld from his paycheck for taxes.

sales tax

property tax

income tax

payroll tax

• sales tax

• property tax

• income tax

• payroll tax

Multiple Select

Kim works 15 hours a week at the department store.  She earns $14 an hour before any deductions are taken out.  Which statements about her income are true?

• Her net income is more than $210.

• Her gross income is $210.

• Her net income is less than $210.

• Her gross income is more than $210

• Her deductions plus net income will equal $210.