L209 | Session 9 - Taxes

Who uses our tax money?

• Companies such as McDonald's

• The Government

• Schools

• None of the above

Which among the following is an indirect tax?

• Corporate Income Tax

• Personal Income Tax

• Sales Tax

• All the above

Gene pays a tax to the government each year based on the money he earns from his job at Tesla. What type of tax does Gene pay each year?

• Sales Tax

• Income Tax

• Property Tax

• None of the above

Your parents pay a tax each year of $3500 that is based on the value of your home. Which type of tax do your parents pay each year?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

At a mall, Roger decided to buy a new pair of jeans that cost $19.00 When Roger paid for his jeans, the total price was $20.00 because of taxes. Which type of tax did Roger pay?

• Direct Tax

• Indirect Tax

Why do we pay tax?

• The extra money goes to the government so they can improve the economy

• It goes to the people who ask for it.