Taxes

What is a tax?

• Money given to school

• Money paid to government

• Money earned by working

This is a tax you pay when you buy goods/services. You pay extra money to the store/company

• Sales

• Property

• Income

This is a tax you pay when you work. Money is taken away from your pay check

• Sales

• Property

• Income

This is a tax you pay when you own a house, building or land.

• Sales

• Property

• Tax

A doctor buys land for his office. At the beginning of each year, he receives a bill stating he owns taxes because he owns the building. What type of tax is the doctor paying?

• Sales

• Property

• Income

Mrs. Kistler buys a drink from sonic. The price on the menu says $2.00, however when she pays the worker, she states that Mrs. Kistler owes $4.00. What tax is she paying?

• Sales

• Property

• Income

Desmond owns a gas station. What type of tax will he have to pay on the land that the gas station is on?

• Property Tax

• Payroll Tax

• Income Tax

Jose Altuve for the Houston Astros makes $625,000 every year.  He has to pay taxes on the money his annual earnings. Which type of tax is that?

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

The cost for the new Fallout 4 game is $59.99, but the cashier asked for more money, because of a tax.  What type of tax is this? 

• Income
• Property
• Payroll
• Sales

A toy is a service.

• True
• False