Taxes & Income

The money you get yearly before deductions

• Gross monthly income

• Net annual income

• Gross anual income

• Net monthly income

The money you get monthly after deductions

• Gross monthly income

• Net annual income

• Gross anual income

• Net monthly income

There are three main sources of tax revenue. Property tax, sales tax and ________ tax.

sales taxex are a source of revenue for most _________ governments.

• federal

• state

• local

This is the money that will be on your check at the end of the month and what will be deposited into your bank account.

• Gross monthly income

• Net monthly income

• Gross annual income

• Gross monthly income

money that is taken off of your paychecks for things like taxes and insurance are called __________

• deposits

• deductions

• additives

• transfers

most everyone who holds a job pays ______ tax

• property

• sales

• income

In order to find your net monthly income, take your gross monthly income and ________ your deductions

• add

• subtract

• multiply

• divide

Which of these is state or city supported from taxes?

• foreign affairs

• public schools

• medicare

• food stamps

Which of these is federally supported from taxes

• local libraries

• firefighters

• Social Security

• mass transportation