Understanding Different Types of Taxes

Which type of tax is added to the price of goods and services at the time of purchase?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

What type of tax is deducted from an employee's paycheck to fund Social Security and Medicare?

• Income Tax

• Payroll Tax

• Sales Tax

• Property Tax

Which tax is typically paid annually based on the value of owned real estate?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

If you earn money from a job, which type of tax do you pay on that income?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

When you buy a new car, which type of tax is included in the total price?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

Which type of tax is specifically used to fund government programs like Social Security and Medicare?

• Income Tax

• Payroll Tax

• Sales Tax

• Property Tax

A homeowner pays a tax each year based on the value of their home. What is this tax called?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

Which type of tax is typically withheld from your paycheck by your employer?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

If you win a cash prize in a contest, which type of tax might you have to pay on your winnings?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

Which type of tax is generally paid by consumers at the point of sale for goods and services?

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax