Taxes

Income tax is-

• Money your employer pays to you
• Money you earn and put into the bank
• tax paid on the money you earn each year
• FREE MONEY!!

Payroll Tax is-

• the amount of money you actually get to take home
• FREE MONEY
• tax taken out of your paycheck by your employer or boss
• tax when you buy something

Sales Tax is-

• Tax on things you buy or purchase
• tax on the house you own
• tax take out of your paycheck
• tax that you pay once a year on your income

Tags

CCSS.6.RP.A.3D

Property Tax is-

• Tax on things you buy or purchase
• tax on the house you own
• tax take out of your paycheck
• tax that you pay once a year on your income

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Billy gets charged tax every time he buys a new pair of shoes.  What kind of tax is this?

• Income
• Property
• Payroll
• Sales

Tags

CCSS.7.EE.B.3

The county charges the Henry family a tax on the value of the house they own.  What kind of tax is this?

• Income
• Property
• Payroll
• Sales

Tags

CCSS.L.6.6

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.W.6.2D

Mrs. Cyrus earned $74,750 last year working as an accountant.  She paid the federal government $12,000 in taxes on the money she earned.  What type of tax is this?

• Income
• Property
• Payroll
• Sales

Tags

CCSS.7.RP.A.3

Mr. Keen earns $4,350 each month.  However when he gets his paycheck it is always less than $4,350, because taxes have been taken out of his paycheck.  What type of tax is this?

• Income
• Property
• Payroll
• Sales

Tags

CCSS.RI.5.7

CCSS.RI.6.7

CCSS.RL.5.7

CCSS.RL.6.7

CCSS.RL.7.7