Taxes

Who primarily uses our tax money? (hint: choose 2 correct answers)

• Your employer

• The state government

• The Federal government

• Local Businesses

Our tax money is spent on all of the following EXCEPT:

• Social Security

• The Military

• Private School Education

• National Parks

What types of taxes contribute to Federal tax revenue? ( hint: choose 4 correct answers :)

• Corporate Income Tax

• Income Tax

• Estate Tax

• Excise Tax

What item would you DEFINITELY see on a paystub?

• Retirement

• Healthcare

• Gross Pay

• Your occupation/role

Jason is 15 and earned $1450 at his job last summer. Should he file a tax return?

• No, because he didn't earn enough.

• No, because you have to be 16 and older to file taxes.

• Yes, because he may get a refund.

• Yes. You must file taxes even if you didn't earn enough.

True or False: A teen's earned income can be reported on a parent's tax return.

• True

• False

Luisa earned $1,200 at her part-time job, and $500 from babysitting in cash. Which is TRUE?

• She will report her total income as $1,700.

• She will report her total income as $1,200.

• She will report her total income as $500.

• Luisa is required to file a tax return.

The price of the shirt is $45. The total cost of the shirt is $47.95.

• Income/Payroll Tax

• Sales Tax

• Property Tax

Rolando earns $395. His net pay is $356.

• Income/Payroll Tax

• Sales Tax

• Property Tax

Chase pays a yearly tax of $212 on his car.

• Income/Payroll Tax

• Sales Tax

• Property Tax