Financial Literacy and Data

Savannah earned $1300.00 at her job. Her paycheck was made out in the amount of $973.22. What kind of tax was taken out of her earnings?

• sales
• payroll
• income
• property

Tags

CCSS.7.EE.B.3

A city collects money from the people who live in it to pay for police protection and other city services. People who own houses or land pay this tax. What kind of tax is this?

• sales
• income
• property
• payroll

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

The total amount of income from wages before any payroll deductions.

• property tax

• gross income

Tags

CCSS.6.RP.A.3B

The amount of money a person takes home after taxes and other deductions.

• net income

• gross income

Tags

CCSS.7.RP.A.3

Ms. Vonn’s monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn’s budget is balanced every month. How much is Ms. Vonn’s monthly car payment?

• $2,400

• $300

• $500

• $2,100

Tags

CCSS.7.NS.A.3

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

Tags

CCSS.7.RP.A.3

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

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

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5