Understanding Taxes and Income

Money that is earned through a job.

• Interest

• Income

Tags

CCSS.3.OA.D.9

Money you receive after taxes is called:

• salary

• net income

Tags

CCSS.7.RP.A.3

Gross income is:

• the total amount of money you spend

• the total amount of money you earn

• Income Tax

• Sales Tax

Tags

CCSS.6.RP.A.3D

Mrs. Holleman's employer deducts $347.21 each month for Social Security and Medicare taxes. What taxes are being deducted from her paycheck?

• Property Tax

• Payroll Tax

Tags

CCSS.6.RP.A.3B

Ms. Parvin pays a tax every year because she owns a house. Which term best describes this tax?

• Payroll Tax

• Property Tax

• Property Tax

• Sales Tax

Tags

CCSS.6.RP.A.3D

Your parents pay a tax each year of $3500 that is based off the value of your home. Which type of tax do your parents pay each year?

• Property Tax

• Income Tax

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

Money you receive before taxes is called:

• pay day

• gross income

Hannah's first paycheck from her job shows that $450 was taken out in taxes. Which type of tax was taken out of Hannah's paycheck?

• Income Tax

• Payroll Tax