Mr. Guillen-Financial Literacy-2021-2022

Income is money a person makes when they work at a job. An income tax is money paid to the government out of a person's income.

• Payroll Tax

• Property Tax

• Sales Tax

• Income Tax

Payroll taxes are paid by the employer ( the owner of a business where someone works ).

• Income Taxes

• Sales Taxes

• Payroll Taxes

• Property Taxes

This is a tax on everything you buy, such as clothing, dog food, and books.

• Sales Tax

• Property tax

• Income Tax

• Payroll Tax

If you own a property, such as a house, you will pay a tax on that property.

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

What item would you DEFINITELY see on a paystub?

• Retirement

• Healthcare

• Gross Pay

• Your occupation/role

Tags

CCSS.6.NS.B.3

What are Taxes?

• A Sum of money that the Federal government pays its citizens for good behavior.
• A Sum of Money that the State Mandates its Businesses pay in order to support the cleaning of their parking lot. 
• A Sum of Money that the Federal Government charges its citizens to clean up their messes. 
• A sum of money that the State or Federal Government mandates its citizens pay in order to support the government itself and all of its services. 

What is Federal Income Tax?

• Funds the Disney Corporation with money it needs to operate. 
• Money that supports the Executive, Legislative, and Prejudicial branch of the government.
• A tax that supports the air traffic navy platoon system, the national board of realtors as well as the web of excessive disproportionate growth. 
• A tax that supports the federal governmen all its systems, highway construction and the military. 

What is State Income Tax?

• Taxes Paid by the Federal Government
• Taxes Mandated by the Federal Government
• Taxes Mandated by the State Government to pay for the Legal System in the United States
• The Taxes that pay for Schools, Libraries, and Police Departments

What is Property Tax

• Tax on Land, Vehicles and Property
• Tax on Government Buildings
• Tax on Businesses
• Tax on Educators

If you buy an item at the grocery store you pay _________tax.

• sales
• property
• income
• payroll

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5