Tax Vocabulary Review
Authored by Rachel Lawrence
Mathematics, Specialty, Other
9th - 12th Grade
CCSS covered
Used 22+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This tax is used to provide medical benefits for certain individuals when they reach age 65.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This tax provides benefits for retired workers and their dependents as well as for the disabled and their dependents. Also known as the Federal Insurance Contributions Act (FICA) tax.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This tax includes Social Security and Medicare taxes.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A one-time compensation given in addition to an employee's usual compensation for services performed.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fixed sum paid for a specific period of time worked, such as weekly or monthly.
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compensation received by an employee based on a percentage of sales made or a fixed amount per sale.
Tags
CCSS.6.RP.A.3C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money and/or goods received for services performed that go beyond the stated amount of the bill and are given voluntarily.
Tags
CCSS.7.EE.B.3
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