Taxes, Deductions, and Income

Required payments to a government are_______________. 

• income
• taxes
• income taxes
• medicare

Tags

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.11-12.5

CCSS.RI.6.5

total amount of earning made over a month before any deductions are____________.

• gross annual income
• net monthly income
• gross monthly income
• net annual income

Tags

CCSS.7.RP.A.3

What is the amount of the monthly income remaining after all deductions have been taken?

• gross annual income
• gross monthly income
• net annual income
• net monthly income

Tags

CCSS.7.RP.A.3

A deduction is

• gross income
• money added to your income
• net income
• money taken out of your income

Tags

CCSS.6.RP.A.3B

Martha's net income is $500, if her gross income is $850, how much are her deductions?

• -$350
• $350
• $500
• $1350

Tags

CCSS.7.NS.A.3

When you pay your local taxes, you pay for...

• Parks
• Education
• Fire Departments
• All the above

Jessica is wanting to buy a $10.00 shirt. The sales tax is 5%. How much is the total shirt?

• $15.00
• 11.00
• $12.00
• $10.50

Tags

CCSS.6.RP.A.3C

Taxes are deducted from all employees paychecks

• true
• false

Tags

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.8.3

CCSS.RI.9-10.3

You should always budget for taxes...

• True
• False

A required payment to local, state, or national government is 

• a tax
• revenue
• a ripoff

Tags

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.11-12.5

CCSS.RI.6.5