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

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This method of payment is a quick form of payment that can be used at a store, and the money is withdrawn from your linked checking account to pay for the purchase.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