Taxes, Discounts, and Tips

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

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

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

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

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

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

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

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

• $39

• $67

• $91

• $96

Curtis wanted to buy a new book that cost $18. When Curtis pays for his book, his total is almost $20 because of taxes. Which type of tax does Curtis pay?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

Money that is taken out of a paycheck that goes to programs, like Social Security and Meidcare, that help people when they retire.

• Property tax

• Income tax

• Sales tax

• Payroll tax