Financial Literacy

_______ Income is the amount of money you make BEFORE taxes get taken out.

• Gross Income

• Net Income

• Nasty Income

• Catch Income

______ Income is the amount of money you make AFTER taxes get taken out.

• Gross Income

• Net Income

• Nasty Income

• Catch Income

Lisa makes $1,236 a week. Her employer took out $335 for taxes and other deductions. She receives $901 on her paycheck to take home. What kind of income is this?

• Gross Income

• Net Income

• Nasty Income

• Catch Income

Tags

TEKS.MATH.4.5A

You pay this tax on your home, farm or land.

• Payroll tax

• Income Tax

• Property Tax

• Sales Tax

I picked up a soda for $1.99 but I paid $2.15. This is example of...?

• Income Tax

• Payroll Tax

• Property Tax

• Sales Tax

Tags

TEKS.MATH.6.4H

Jenny made $45,000 last year but a percentage of it went to the government. This is an example of....

• Income Tax

• Payroll Tax

• Property Tax

• Sales Tax

I just got my paycheck and my employer took out money for medicare and social security. This is an example of....

• Income Tax

• Payroll Tax

• Property Tax

• Sales Tax

_____ is money required of individuals and business in order for government services such as education, military, health care and transportation.

• Money

• Tax

• Paycheck

• Income

What kind of tax is a city or state tax added to the price of something you buy at the store based on a set percentage.

• Income Tax

• Payroll Tax

• Property Tax

• Sales Tax

Tags

TEKS.MATH.6.5B

Which tax is a yearly tax that the government collects from a person's earnings.

• Income Tax

• Payroll Tax

• Property Tax

• Sales Tax