Financial Literacy

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

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

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?

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

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

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

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

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

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.

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