JA Finance Park: What are Taxes? Overview

JA Finance Park: What are Taxes? Overview

7th - 8th Grade

8 Qs

quiz-placeholder

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JA Finance Park: What are Taxes? Overview

JA Finance Park: What are Taxes? Overview

Assessment

Quiz

Social Studies, Mathematics

7th - 8th Grade

Hard

Created by

Kenneth Williams

Used 11+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross income is...

The amount of money you have from your wages, salary or tips.

The amount of money you have left after you pay your taxes.

The amount of money you have from your tax return.

The amount of money you have from donations.

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Net income is...

The amount of money from a tax refund.

The amount of money from gifts and donations.

The amount of money you have before paying your taxes.

The amount of money you have left after paying your taxes.

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The three main sources of tax revenue are... (Select all that apply.)

pet tax

income tax

bag tax

sales tax

property tax

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Taxes are _____________, that local, state, and federal governments collect to pay their bills.

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which services are federally supported by taxes? Select all that apply.

National defense, veterans, and foreign affairs.

Public schools

Social Security, Medicare, and other retirement programs.

Mass transportation

Social programs

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which services are supported by the state or city? Select all that apply.

Interest payments on the national debt

Police, jails, and courts

Elections

Social services

Physical, community, and human development programs

7.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

What should be used to pay for the services provided by local, state, and federal governments?

taxes

charge for each use of a service

8.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain your answer to Question 7.

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