Financial Literacy

Which type of tax is taken directly out of your paycheck?

• payroll tax
• income tax
• paycheck tax
• sales tax

Tags

TEKS.MATH.5.10A

Yareli recently purchased a home. Every month she pays her mortgage, and each year she pays taxes on her home. The taxes Yareli pays on her home are referred to as -

• sales tax

• property tax

• insurance

• rent

Tags

TEKS.MATH.5.10A

Sales tax is

• A retail tax

• A house tax

• A tax taken from a paycheck

• A tax paid by an employer

Tags

TEKS.MATH.5.10A

Which of the following is NOT a type of tax?

• Income tax

• Payroll tax

• School tax

• Property tax

Tags

TEKS.MATH.5.10A

Rolando earns $395. His net pay is $356.

• Income/Payroll Tax

• Sales Tax

• Property Tax

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TEKS.MATH.5.10A

The video game sells for $19.99. The total cost is $20.54.

• Income/Payroll Tax

• Sales Tax

• Property Tax

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TEKS.MATH.5.10A

The price of a dress is $85. The state collects $0.06 for every dollar of the price.

• Income/Payroll Tax

• Sales Tax

• Property Tax

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TEKS.MATH.5.10A

Money is taken out of Maria’s check by the federal government.

• Income/Payroll Tax

• Sales Tax

• Property Tax

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TEKS.MATH.5.10A

Cynthia pays 6% more than the price marked on an item in a store.

• Income/Payroll Tax

• Sales Tax

• Property Tax

Tags

TEKS.MATH.5.10A

Louis's dad pays a tax to the federal government each year based off the money he earns from his lawn mowing business. What type of tax does Louis's dad pay each year?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

Tags

TEKS.MATH.5.10A