Financial Literacy

Mrs. Allen took home $1,245 after taxes. What is this considered?

• net income

• gross income

• deposits

• income tax

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her -

• net income

• gross income

• deposits

• income tax

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Mrs. Fanning bought a science kit at the store for $10. At the register, she was charged $10.85. The different between the price and what Mrs. Fanning paid is considered -

• income tax

• credit

• sales tax

• property tax

Tags

CCSS.L.6.6

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.W.6.2D

Mrs. Allen paid $3,678 every year as a tax on her house. This is considered a -

• sales tax

• income tax

• property tax

• home tax

Tags

CCSS.L.4.6

CCSS.L.6.6

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.5.2D

Mrs. Fanning was able to pay all of her bills with the money she was earning. This means she had a -

• balanced budget

• net income

• gross income

• property bill

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Mrs. Allen had to pay the government $234 from her paycheck. She paid -

• income tax

• sales tax

• payroll tax

• property tax

Tags

CCSS.L.6.6

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.W.6.2D

Before Mrs. Allen received her paycheck fees were taken from her check for medicare, insurance, and social security. These are ___________________ from her paycheck.

• deductions

• taxes

• withdrawals

• debits

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Something that you pay is called....

• income
• an expense
• a profit
• savings

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Jonathan's new clothes cost a total of $572.50 before tax. What type of tax does Jonathan have to pay for his new clothes?

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

Tags

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

CCSS.W.6.2D