Taxes Review

A _________ is an amount of money that people and businesses are required to pay to the government.

• Income

• Expense

• Tax

• Revenue

Write down as many kinds of taxes as you can remember.

The money that you earn from a job or other sources is called ___________.

• taxes

• income

• property

• sales

Which band wrote and performed the 1966 song "Taxman"?

• The Rolling Stones

• The Beach Boys

• The Beatles

• The Supremes

TRUE OR FALSE: Only people OVER the age of 18 pay taxes.

• True

• False

A _________ tax is something you pay to the government when you buy something.

• Income

• Estate

• Property

• Sales

The ___________ tax is a tax the government collects when a very wealthy person dies.

• Wealth

• Estate

• Income

• Property

Cynthia bought a new house last year. She just got a tax bill from the town of Gouldsboro showing the value of her house and the tax she owes. What kind of tax is this?

• Property Tax

• Estate Tax

• Income Tax

• Sales Tax

Citizens of the state of California vote to place a $0.50 tax on soda. What kind of tax is this?

• Sales Tax

• Income Tax

• Tariff

• Excise Tax

The ___________________ Tax is a tax that pays for a retirement program for older Americans.