Financial Literacy

Jonathan's new clothes cost a total of $572.50 before tax. What type of tax does Jonathan have to pay for his new clothes?

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

Tags

CCSS.L.4.6

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.W.6.2D

What is the amount of money you earn, before taxes are taken out?

• Net Income
• Gross Income
• Property Income

The total tax an employer withholds is called...

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

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Homeowners must pay ________ based on the value of their homes.

• Property tax

• Payroll tax

• Sales tax

• Income tax

To put money into an account.

• Deposit

• Withdraw

• Savings for a chicken

• Interest for a cow

Tax paid to the government based on your personal income

• Payroll tax

• Coupons

• Sales Tax

• Income Tax

the income that remains after taxes and other deductions

• Net Income

• Gross income

Money taken out your income

• gross

• net

• deductions

• deposit

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

What is the current amount of money in an account?

• Certificate of deposit (CD)
• Loan
• Transaction
• Balance

Tags

CCSS.4.MD.B.4