Financial Literacy Taxes

Payroll and _________ are taxes that are deducted from a person's paycheck.

• Sales Tax

• Income Tax

• Property Tax

These types of taxes take a percentage of your paycheck. The more you make , the more that is take out.

• Sales Tax

• Income Tax

This tax is added to a purchase you make.

• Sales Tax

• Income Tax

Tags

CCSS.7.EE.B.3

Travis county charges tax each year on the house that Jennifer owns. She pays around $6,500 in taxes each year on the house that she owns. What type of tax is this?

• Property Tax

• Sales Tax

• Income Tax

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

money earned or received

• Expenses
• Income
• Deductions
• Check

Tags

CCSS.6.NS.C.5

Tax the boss takes out of your check for social security and medicare

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

Tags

CCSS.6.RP.A.3D

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

when your expenses and Income are equal

• net income
• gross income
• balanced budget
• great

Tags

CCSS.6.NS.C.7C

payment for goods and services, what you spend

• Income
• taxes
• expenses
• credit card