Different Payment Methods

What type of tax helps fund Medicare and social security?

• property tax

• income tax

• payroll tax

What tax do you get back when you retire or become disabled?

• medicare

• social security tax

• property tax

The sales tax on all purchases is always the same, no matter where you live.

• true

• false

Which is more? Gross income or net income?

• gross income

• net income

• neither, they are equal

Tags

CCSS.HSA.SSE.A.1

If payroll taxes total $245, and the payroll check received was $2,405, what was the gross income earned?

• $2,655

• $2,245

• $2,650

Gross Income: $1,567.69

Payroll Taxes: ?

Net Income: $1,348.31

Calculate the payroll taxes.

• $229.56

• $219.38

• $2,916.00

Shelley went shopping and noticed the amount she had to pay was $1.39 more than the toy she was buying. What type of tax did she have to pay?

• sales tax

• property tax

• income tax

The Smiths got a bill in the mail for $5,087. They had recently purchased a new piece of land out in the country. What type of tax were they being billed for?

• property tax

• sales tax

• income tax

Jill was shopping and she filled out and signed a paper allowing her bank to pay the amount of the purchase. What method of payment did she use?

• debit card

• credit card

• check

When you decide to buy something using a small plastic card and promise to pay the company back at a later date you are using a -

• debit card

• credit card

• check