Taxes Review - 5th Grade

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

• tax
• income
• expense
• property

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

• income
• tax
• property
• sales

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

• false
• true

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

• sales
• property
• estate
• Income

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

• estate
• property
• sales
• income

George bought a new house last year. He just got a tax bill from the town of Gouldsboro showing the value of his house and the tax he owes. What kind of tax is this?

• property
• sales
• income
• Medicare

Citizens of South Dakota voted to place a $0.25 tax on each gallon of gasoline to pay for new roads. What kind of tax is this?

• Excise
• Income
• Property
• Estate

The United States puts a tax on cars from Germany that are sold in the United States. What kind of tax is this?

• Tariff
• Income
• Property
• Estate

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

• Social Security
• Medicare
• Income

The ______________________ Tax is a tax that pays for a health care program for older Americans.

• Medicare
• Social Security
• Income