Brewer Math Grade 5 DOL 3.18 TEKS 5.10A

Which of these is NOT an example of a property tax?

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

• Tax paid on the value of a piece of land a person owns.

• Tax paid on the value of a piece of furniture a person owns.

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

A definition of a financial term is shown in the box. Which term best fits this definition?

• Payroll tax

• Property tax

• Sales tax

• Gasoline tax

Susanne bought a rug for her home. Which tax did she pay as part of the total cost for the rug?

• Income tax

• Payroll tax

• Property tax

• Sales tax

Cheyenne works 15 hours a week at the movie theater. She earns $8 an hour. Which statement about her weekly income is true?

• Her net income is more than $120.

• Her gross income is less than $120.

• Her net income is less than $120.

• Her gross income is more than $120.

Susan works at Fast Wing Shoes. Her last pay stub is shown below. Which answer choice correctly identifies Susan’s gross income and net income?

• Net Income: $226.86; Gross Income: $586.86

• Gross Income: $586.86; Net Income: $360.00

• Net Income: $360.00; Gross Income: $226.86

• Gross Income: $360.00; Net Income: $226.86