Financial literacy review

This type of tax includes Social Security and Medicare Tax, and is deducted from an employee's paycheck...

• Income Tax

• Payroll Tax

• Sales Tax

• Property Tax

This type of tax is paid to the federal or state government based on income.

• Income tax

• Payroll tax

• Sales Tax

• Property tax

This Type of tax is based on the value of real estate, and is paid to the local government, schools, and other local agencies.

• Income tax

• Payroll tax

• Sales Tax

• Property Tax

This type of tax is added to the price of purchases in a store, and is then remitted from the store to the state or local government.

• Income

• Payroll

• Sales

• Property

(a)   helps pay for things the government provides to its citizens.

The amount of income that remains after taxes and other deductions, such as health insurance and retirement contributions (a)  

​ (a)   income is the total amount of money before taxes and other deductions.

• Gross
• Net
• Sales
• Property
• Income
• Payroll

This method of payment uses security features on the internet, and can be one-time like a purchase or recurring like a monthly cables bill.

• Check

• Debit card

• Credit card

• Electronic payment

This method of payment is a quick form of payment that can be used at a store, and the money is withdrawn from your linked checking account to pay for the purchase.

• Check

• debit card

• credit card

• Electronic payment.

This method of payment is a quick form of payment that you can use to pay for things over time. You may have to pay interest.

• check

• debit card

• credit card

• electronic payment