WorksheetsTaxes Review
Total questions: 9
Worksheet time: 19mins
What definition best fits for the word tax?
Pointless fee everyone pays
Fee the public pays to the government to help sustain public things
Fees applied ONLY to food
Fees that are the same for every person across the country
What do your taxes help support?
Public safety (Firefighters, Police, Hospitals)
Infrastructure (Roads, Libraries, Museums)
Education (Schools)
National Parks/Public Parks
What is Iowa's sales tax?
4%
5%
6%
7%
What are the three main taxes?
Income
Retirement
Property
Sales
If my new car costs 15,000 dollars and the sales tax is 10% how much will I actually pay AFTER taxes?
15,000
15,500
16,000
16,500
If my gross pay is 2,500 dollars than what is my net pay after a 20% income tax?
3,000
2,500
2,000
1,500
Net Pay is?
The total amount before deductions
The total amount after deductions
The amount you make over the course of a year
The sum of all of your taxes
Gross wages are?
The amount before deductions
The amount after deductions
The sum of all your taxes
The amount you make over a year
Deductions are?
The amount before deductions
The amount after deductions
The sum of all taxes and other payments
The amount you make over a year
