Module 17 Review

________ is the income left after taxes.

• budget

• gross income

• income tax

• net income

• property tax

A________ is money added to the cost of an item or service.

• budget

• gross income

• income tax

• sales tax

• property tax

__________is a portion of the value of an item such as land.

• budget

• gross income

• income tax

• sales tax

• property tax

The total income before any taxes are taken out is__________.

• budget

• gross income

• income tax

• sales tax

• property tax

Money paid to the local, state, or federal government based on earnings.

• budget

• gross income

• income tax

• sales tax

• property tax

Maura pays $0.02 in sales tax for every $1 that she spends. If Maura buys $60 worth of items, what is the total cost?

• $60

• $0.02

• $1.20

• $61.20

Raul pays property tax in Dallas. On which of the following might Raul pay property tax?

• clothing

• office space

• salary

• groceries

Lorena makes a list of the taxes she pays each month. How much does she pay in payroll tax?

• $418.24

• $21.35

• $177.59

• $240.65

Ralph makes a monthly budget. His monthly allowance is $40. He makes $25 each month from mowing the neighbor’s lawn. Ralph’s monthly expenses are $75. How much does he need to earn from babysitting to balance his budget?

• $75

• $10

• $50

• $35

Which of the following can Chaseedah use to purchase an item if she wants to pay for her purchase at a later time?

• debit card

• check

• money transfer

• credit card