Calculating Sales and Income Taxes

Calculating Sales and Income Taxes

7th Grade

10 Qs

quiz-placeholder

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Calculating Sales and Income Taxes

Calculating Sales and Income Taxes

Assessment

Quiz

Mathematics

7th Grade

Medium

Created by

Amy Amundson

Used 40+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

John earns $250 per week at his job. His company withdraws 5% of his income for federal taxes. How much does John pay in taxes each week?

$12.50

$5

$237.50

$25

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

John earns $250 each week at his job. His company takes 5% of his earnings for federal income taxes. How much money does John have after taxes?

$12.50

$250

$237.50

$25

3.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Michelle is purchasing a new Chromebook from Best Buy. The cost of the Chromebook is $400 before sales tax. The state Michelle lives in has a sales tax rate of 8%. How much money in sales tax will she have to pay on the purchase of the Chromebook?

4.

FILL IN THE BLANK QUESTION

1 min • 5 pts

Joey buys a new iPhone. The cost of the phone before taxes is $1,099. If the sales tax rate is 9%, what is the TOTAL COST of the phone including sales tax?

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Joan buys a new pair of shoes that cost $50 before sales tax. She looks at her receipt and realizes that she paid $3.50 in sales tax. What is the percent sales tax rate that she paid for her shoes?

6%

6.5%

7%

7.5%

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Harry buys a new car that costs $25000 before taxes. If the sales tax rate in his state is 6%, how did he pay in TOTAL for the car?

$26,500

$1,500

$25,000

$3,000

7.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

The price of a new laptop is $899. The sales tax rate is 7%. What is the sales tax on this computer in dollars and cents?

$75

$961.93

$899

$62.93

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