5.10A

Which of these is not an example of a property tax?

• Tax paid on the value of a farm a person owns

• Tax paid on the value of a piece of land a person owns

• Tax paid on the value of a piece of furniture a person owns

• Tax paid on the value of a home a person owns

A definition of a financial term is shown below.

<A tax that includes Social Security and Medicare taxes and is paid by an employer.> Which term best fits this definition?

• Payroll tax

• Property tax

• Sales tax

• Gasoline tax

A definition of a financial term is shown below.

<a consumption tax imposed by the government on the sale of merchandise (goods) and services.> Which term best fits this definition?

• Payroll tax

• Property tax

• Sales tax

• Gasoline tax

A definition of a financial term is shown below.

<Any tax on real estate (land, houses, farms) or certain other forms of property.> Which term best fits this definition?

• Payroll tax

• Property tax

• Sales tax

• Gasoline tax

A definition of a financial term is shown below.

<a tax imposed on the sale of fuel.> Which term best fits this definition?

• Payroll tax

• Property tax

• Sales tax

• Gasoline tax

1.Mr. Keith pays an annual tax of $987 based on the value of his home. The tax money helps pay for schools and other local programs. What is the name of the tax Mr. Keith pays?

• A. Payroll Tax

• B. Income Tax

• C. Sales Tax

• D. Property Tax

Mr. Martinez’s employer withholds $213 from his paycheck each month. The tax money helps fund federal programs such as Social Security and Medicare. What is the name of the tax Mr. Martinez pays?

• A. Sales tax

• B. Property tax

• C. Payroll tax

• D. Not here

Which tax is collected by the federal government based on an individual’s yearly earnings?

• A. Sales Tax

• B. Income Tax

• C. Property Tax

• D. Not here

A portion of the value of items.  This can be charged on items like: cars, houses, boats, or land.

• Income Tax
• Sales Tax
• Payroll Tax
• Property Tax

The total tax an employer withholds to pay to the government.

• Property Tax
• Sales Tax
• Income Tax
• Payroll Tax