Taxes

Jack wants to purchase 2 comic books and a set of trading cards. Which tax does he need to pay?

• Property tax

• Payroll tax

• Income tax

• Sales tax

The Ford family moves to a house with a higher value. Which of the these will probably happen?

• Their income taxes will increase.

  
  

• Their payroll taxes will decrease.

  
  

• Their property taxes will increase.

  
  

• Their property taxes will decrease.

  
  

Which term fits this definition? A tax that includes Social Security and Medicare taxes and is paid by an employer.

• Property tax

  
  

• Payroll tax

  
  

• Gasoline tax

  
  

• Sales tax

  
  

What type of tax is paid to the federal government based on a person's wages?

• Income tax

  
  

• Property tax

  
  

• Payroll tax

  
  

• Sales tax

What happens when your income increases?

• Your income taxes stay the same.

  
  

• Your income taxes increase.

  
  

• Your property taxes decrease.

  
  

• You no longer have to pay sales taxes.

  
  

What type of tax do you pay at a retail store?

• Sales tax

  
  

• Payroll tax

• Property Tax

• Income tax

Which term best fits this definition? A tax on retail products based on a set percentage of retail cost.

• Payroll tax

• Property tax

• Sales tax

• Income tax

Which of these is an example of a property tax?

• Tax paid on the value of a car a person owns.

  
  

• Tax paid based on a person's income.

  
  

• Tax paid on the value of a farm a person owns.

  
  

• Tax paid when purchasing groceries.

  
  

What types of services are our taxes used for?

• Hospitals

  
  

• Fire stations

  
  

• Public schools

  
  

• All of these and more