5th Grade Types of Taxes

Taxes are - 

• Money given to you by the government
• Free money to you
• Money you must pay to the government
• Money in someone's piggy bank

Property Tax is-

• Tax on things you buy or purchase
• tax on the house you own
• tax take out of your paycheck
• tax that you pay once a year on your income

Payroll Tax is-

• the amount of money you actually get to take home
• FREE MONEY
• tax taken out of your paycheck by your employer or boss
• tax when you buy something

Income tax is-

• Money your employer pays to you
• Money you earn and put into the bank
• Tax paid on the money you earn annually
• Money you pay to your employee

Sales Tax is-

• tax on retail goods
• tax on the house you own
• tax taken out of your paycheck
• tax that you pay once a year on your income

Tags

CCSS.6.RP.A.3C

A portion of the value of items.  This can be charged on items like: cars, houses, boats, or land. (a)  

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

Tags

CCSS.6.RP.A.3D

The total tax an employer withholds to pay to the government. (a)  

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

Tags

CCSS.6.RP.A.3B

Money paid to federal and/or state governments based on an individual's income as required by law (a)  

• property tax
• income tax
• payroll tax
• sales tax

The amount of money collected by a store in addition to a good or service (a)  

• debit card
• net income
• property tax
• sales tax

Tags

CCSS.6.RP.A.3D

The amount of money collected on the value of a property for local government (a)  

• Money
• Debit Card
• property tax
• Checking account

Tags

CCSS.6.NS.B.3