taxes

Sarai bought a new backpack with a price tag of $19, but the actual cost at the register was $20.69. This is an example of _______________ tax.

• Income

• Property

• Sales

Answer explanation

Property tax is a tax on what?

• A house that you buy

• Land that you own

• Other big items that you own

• All of the above

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

• Income/Payroll Tax

• Sales Tax

• Property Tax

When Thomás looked at his paycheck, he saw that his gross pay was $200, but he only received $150. This is an example of __________________ tax.

• Income

• Property

• Sales

Answer explanation

Taxes are the same no matter where you live.

• True

• False

Answer explanation

Taxes will vary depending on where you live. For example, the property taxes in Beverly Hills, California will be higher than the property taxes in East St. Louis, Illinois.

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

• Income/Payroll Tax

• Sales Tax

• Property Tax

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

• Your employer

• The state government

• The Federal government

• Local Businesses

When looking at "discretionary spending" by our Federal Government, which category receives the most funding?

• National Defense/ Military

• Education

• Veterans' Pensions

• National Parks

Louis's dad pays a tax to the federal government each year based off the money he earns from his lawn mowing business. What type of tax does Louis's dad pay each year?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

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

• Income/Payroll Tax

• Sales Tax

• Property Tax