5.10(A) define income tax, payroll tax, sales tax, and property

The total amount of personal income prior to taxes and deductions

• Property taxes

• Payroll taxes

• Gross income

• Sales Taxes

the income that remains after taxes and other deductions are taken from an individual’s gross income

• Sales taxes

• Gross income

• Net income

• Property taxes

deductions may include federal and state taxes, health insurance, retirement, etc

• Payroll taxes

• Sales Taxes

• Property Taxes

• Income Taxes

money paid by an employee or business to the federal state government based on an individual's yearly income

• sales tax

• property tax

• income tax

• Gross income

the amount of money collected by a store (retailer), in addition to a good or service that was purchased, for the local government as required by law

• property tax

• sales tax

• net income

• income taxes

the amount of money collected from a property owner based on the value of a property for the local government as required by law

• sales tax

• property tax

• income tax

• payroll tax

Tags

CCSS.L.4.6

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.W.6.2D

Jose's monthly salary is $1,200. His check only shows $1,098. What kind of taxes is he paying?

• Sales tax

• Property tax

• income tax

• There is a mistake on his check

Some of the money Juan got deducted on his check is for social security and Medicare. What kind of taxes are these?

• payroll taxes

• sales taxes

• income taxes

• property taxes

Tags

CCSS.L.4.6

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.W.6.2D

Jose purchased a car for $3,000. What kind of taxes is he paying?

• sales tax

• property tax

• payroll tax

• income tax

Jose has a house on the lake. What kind of taxes does he pay for the house?

• sales tax

• property tax

• payroll tax

• income tax