Taxes, Comparison Shopping, & Debit/Credit

The money you earn after deductions is called _______________.

• gross income
• net income

Tags

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

Gross income is always ________than net income.

• more
• less

Tags

CCSS.6.RP.A.3B

Sales tax in Indiana is ___________.

• 7.25%

• 7%

• 7.5%

Izaiah wanted to buy a pair of Jordans for $110. The sales tax is 8%. What is the total amount Izaiah will pay for his Jordans?

• $118.80

• $110

• $118

• $8.80

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

How much tax would you pay on a new TV that is $899 at Best Buy, if the tax rate is 6.5%?

• $957.44
• $841
• $58.43

What is Property Tax

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

IRS stands for what when talking about taxes?

• Internal Revenue Service
• Individual Return System
• I'm Really Sorry
• International Revenue System

What is the "official" deadline for taxes?

• Feb 14
• Jan 31
• April 15
• April 17

The government applies your tax dollars to which of the following?

• Highways
• Bridges
• Roads
• All of the above