Financial Literacy 5th Grade 5.10A

John paid $2,639 for property taxes last year.  This year he added a deck and a swimming pool to his property.  Which is the best estimate of his property tax this year?

• $2,579
• $2,639
• $2,847
• $2,234

A portion of the value of items.  This can be charged on items like: cars, houses, boats, or land.

• Income Tax
• Sales Tax
• Payroll Tax
• Property Tax

The total tax an employer withholds to pay to the government.

• Property Tax
• Sales Tax
• Income Tax
• Payroll Tax

Alex purchases 2 comic books for $5 each and a set of trading cards for $10. He gives the clerk $20, but he needs more money to pay for the tax. Which tax does Alex need to pay?

• Property tax
• Income tax
• Sales tax
• Payroll tax

Tags

CCSS.3.OA.D.8

Leon earns $15 per hour. He worked 40 hours last week and earned $600. He received a paycheck of $475. What type of tax did he pay?

• Payroll Tax
• Income tax
• Sales tax
• Property tax

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Kathy received a paycheck for $685 after taxes and deductions. What type of income did she receive?

• Net income
• Gross income
• Payroll income
• None of the above

Stephanie paid a total of $18.12 for two books that cost $8.50 each.  How much did she pay in sales tax?

• $0.12
• $1.12
• $2.12
• $9.62

Kristin bought a snowboard for $60.  The sales tax rate for the snowboard is $0.04 for every dollar spent.  How much did she pay in all for the snowboard?

• $84.00
• 60.04
• $60.24
• $62.40

Jeremy worked 40 hours last week.  He earns $12 per hour.  His deductions totaled $43.68.  What was Jeremy's net pay for the week?

• $523.68
• $480.00
• $436.32
• $423.68

Ari's net income for one pay period was $617.93.  His taxes totaled $74.28 and his other deductions totaled $58.25.  What was Ari's gross pay?

• $601.90
• $485.40
• $633.96
• $750.46