Taxation Quiz

Which of the following is true?

• A tax is income received for being an entrepreneur.

• A tax is illegal.

• A tax is a required payment to the government.

• A tax is a payment for rent.

__________ is the tax that is paid by a company based on the amount of money that the company spends paying all of its employees.

• Income tax

• Sales tax

• Property tax

• Payroll tax

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CCSS.6.RP.A.3B

Kenley purchased a new pair of jeans to wear to a baseball game. The jeans were advertised for $35.00, but when Kenley paid for them at the register, her total ended up being $42.75. What type of tax was Kenley charged at the register? Enter your answer in the space provided.

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CCSS.6.RP.A.3D

Choose the word that makes each statement true. When people buy goods or services, there is often a (sales/property) tax included. Some taxes can be paid directly from a worker’s paycheck, like social security taxes. Social security tax is a type of (sales/payroll) tax.

Use a comma to separate your answers.

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TEKS.MATH.7.3B

Maya's paycheck earnings before taxes is an example of _____________. Enter your answer in the space provided.

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CCSS.6.NS.C.7C

Jonathan's new clothes cost a total of $253.50 before tax. What type of tax does Jonathan have to pay for his new clothes? Enter your answer in the space provided.

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CCSS.6.RP.A.3D

Which of the following statements correctly defines property tax?

• A government tax is required on goods and services.

• A state or federal tax paid by an employer based on an employee's salary.

• A personal tax is charged on a person's annual income.

• A local government tax for real estate based on the value of a property

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CCSS.7.RP.A.3

______________ is the total amount of money a person or company receives after deductions (taxes) or allowances are taken out. This is also referred to as take-home pay.

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CCSS.6.RP.A.3B

James and Neasie are having a conversation about income. They have different understandings of the terms gross income and net income. Explain the difference between gross income and net income.

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CCSS.3.OA.D.9

Which of these statements about gross income and net income is true?

• Gross income is a tax paid by an employer based on a worker’s wages, and net income is a tax on all income a person earns.

• Gross income is the amount an employee is paid after deductions and taxes, and net income is the total amount an employee earns before deductions are applied.

• Gross income is a tax on all income that a worker earns, and net income is a tax paid by an employer based on a worker’s wages.

• Gross income is the total amount an employee earns before deductions are applied, and net income is the amount an employee is paid after deductions and taxes.