Taxes, Discounts, and Tips

Taxes, Discounts, and Tips

12th Grade

26 Qs

quiz-placeholder

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Taxes, Discounts, and Tips

Taxes, Discounts, and Tips

Assessment

Quiz

Financial Education

12th Grade

Medium

Used 9+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mr. Lucas bought a new lounge chair for his game room. The one he chose was $425. He had to pay a sales tax of 8.2%. What was the amount of sales tax he paid on the chair?

$24.90

$44.30

$34.85

Not Here

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Vickie makes $40,000 annually.  If she pays 20% in income tax, what is the amount of income tax she will pay?
8000
80000
2000
1200

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Sales tax is __________ to the price
subtracted
added
multiplied
divided

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Peter is a college professor.  His annual salary is $112,000.  If he has to pay 25% income tax what is the amount of tax he will pay?
30000
28000
25000
22000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

$ 24.50

$ 142.50

$ 155.00

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is net pay?

The total earnings on your paycheck

Three taxes that everyone must pay

How much a person is worth in total

The amount of your paycheck after taxes are taken out

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is gross earnings?

The total amount of wages on your paycheck

Three taxes that everyone must pay

How much a person is worth in total

The amount of your paycheck after taxes are taken out

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