Taxes

Taxes are paid by people to support themselves.

• False

• True

Property tax is based on the value of personal property, home, land and etc.

• True

• False

Payroll and _________ are taxes that are deducted from a person's paycheck.

• Sales Tax

• Income Tax

• Property Tax

This tax comes out of paychecks and helps people who are 65 or older and are sick and in need of medical care.

• Medicare

• Tax

Money that the government collects from people and businesses.

• Income

• Tax

These types of taxes take a percentage of your paycheck. The more you make , the more that is take out.

• Sales Tax

• Income Tax

This tax is added to a purchase you make.

• Sales Tax

• Income Tax

These taxes come out of a person's paycheck and is meant to help people once they retire.

• Sales Tax

• Social Security Tax

Without taxes our government would not be able to run effectively.

• True

• False

Why do we need to pay taxes?

• To collect money to run the government,

• To collect money to buy car.