Personal Financial Literacy

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

When you own a house, what type of tax do you pay on it?

• income tax
• sales tax
• property tax
• payroll tax

What type of tax do you pay for Cheetos and soda?

• income tax
• sales tax
• property tax
• payroll tax

Which type of tax do you pay once a year on any money you've earned (job, lottery, etc)?

• payroll tax
• income tax
• sales tax
• property tax

Money you receive after taxes is called:

• gross income
• net income
• salary
• pay day

Ian went to the Academy to purchase a baseball bat. The price tag said $49.99, but when he went to check out, the total was $ 54.11. What type if tax is this an example of?

• Payroll Tax

• Income Tax

• Property Tax

• Sales Tax

Tags

CCSS.6.RP.A.3B

The following are examples of which type of tax?

1. Tax paid on a family owned farm.

2. Tax paid of a piece of land someone owns.

3. Tax paid on a home someone owns.

• Payroll Tax

• Income Tax

• Property Tax

• Sales Tax

Which type of tax best describes this definition?

- a tax includes Social Security and Medicare taxes and is paid by an employer

• Payroll Tax

• Income Tax

• Property Tax

• Sales Tax

Tags

CCSS.7.NS.A.3

The type of tax your employer pays the government.

• Income Tax

• Property Tax

• Sales Tax

• Payroll Tax

Kyle has a gross income of $ 4,293. He has $394.73 in deductions. What is Kyle’s net income?

• A. $4,687.73

• B. $3,898.27

• C. $4,038.27

• D. None of the above

Tags

CCSS.5.NBT.B.7