Types of Taxes

Sally owns a gas station.  What type of tax will she have to pay on the land that the gas station is on? 

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

Tags

CCSS.7.RP.A.3

Frank's parents own their house. Which type of tax will Frank's parents pay annually?

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

Tags

CCSS.7.RP.A.3

Jose Altuve for the Houston Astros makes $625,000 every year.  He has to pay taxes on the money his annual earnings. Which type of tax is that?

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

Jared bought a new boat. He had to pay which kind of tax on his new boat? 

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

Income tax is-

• Money your employer pays to you
• Money you earn and put into the bank
• Tax paid on the money you earn annually
• Money you pay to your employee

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The cost for the new Fallout 4 game is $59.99, but the cashier asked for more money, because of a tax.  What type of tax is this? 

• Income
• Property
• Payroll
• Sales

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Mr. Keen earns $4,350 each month.  However when he gets his paycheck it is always less than $4,350, because taxes have been taken out of his paycheck.  What type of tax is this?

• Income
• Property
• Payroll
• Sales

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

This is a tax on retail items 

• Income
• Property
• Payroll
• Sales

Property Tax is-

• Tax on things you buy or purchase
• tax on the house you own
• tax take out of your paycheck
• tax that you pay once a year on your income

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Sales Tax is-

• tax on retail goods
• tax on the house you own
• tax taken out of your paycheck
• tax that you pay once a year on your income