A definition of a financial term is shown:

A tax that includes Social Security and Medicare taxes and is paid by an employer

Which term best fits this definition?

• Property Tax

• Payroll Tax

• Sales Tax

• Income Tax

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5.10.A

Which of these is NOT an example of sales tax?

• Tax paid on the value of a new shirt and pants

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

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

• Tax paid on the value of a new computer

Tags

5.10.A

A definition of a financial term is shown:

A tax to the federal government based on your earnings.

Which term best fits this definition?

• Property Tax

• Payroll Tax

• Sales Tax

• Income Tax

Tags

5.10.A

Susanne bought a house that was located on 2 acres. Which tax does she have to pay?

• Property Tax

• Payroll Tax

• Sales Tax

• Income Tax

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5.10.A

(a)   is the total amount an employee earns before deductions are applied. ​ (b)   is the amount an employee is paid after deductions and taxes.

• Gross income
• Net income
• Property Tax
• Payroll Tax
• Income Tax

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5.10.B

Darlene works 40 hours a week and earns $10 an hour.

Drag the correct words in the blanks to make the sentence true.

Her ​ (a)   is $400 and her ​​ (b)   is ​ (c)   $400.

• gross income
• less than
• net income
• more than
• equal to

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5.10.B

The month Molly's expenses are greater than her income. What are two actions Molly can take in order to balance her budget?

(a)   expenses and ​ (b)   income

• decrease
• increase

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5.10.E

Olivia made a list of her expenses for March. Olivia's monthly net income $3,250. How much money can Olivia place in her retirement savings to have a balanced budget?

• $450

• $350

• $2,900

• $500

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5.10.F

So far this month, Penelope has the expenses and income shown on the chart. Penelope wants to buy some art supplies but also have a balanced budget. Based on Penelope's current budge, what is the greatest amount of money she can spend on art supplies?

• $135

• $30

• $20

• $25

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5.10.F

Rebeca's monthly budget is shown. She receives two paychecks per month. Rebeca's budget is balanced every month. How much does Rebeca pay for utilities each month?

Mathematical Equivalence

ON

Tags

5.10.F