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Unit 10 Test REVIEW

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

Which of these is NOT an example of property tax?

a)

Mrs. Jennings pays tax on the farm land she has in Edgewood

b)

Casey pays tax on a T-shirt he bought at the Bluebird festival

c)

Mrs. Harle pays tax on her house

d)

David pays tax on an acre lot by the lake

2.

Which term below best describes a tax including Social Security taxes that are paid by someone's employer?

a)

Gross tax

b)

Property tax

c)

Payroll tax

d)

Sales tax

3.

What type of tax does a person pay as a percentage of the retail cost of an item?

a)

income tax

b)

sales tax

c)

payroll tax

d)

property tax

4.

What type of tax does a person pay every year based on the value of their home?

a)

Income tax

b)

property tax

c)

sales tax

d)

payroll tax

5.

Abby works at Splash Kingdom 16 hours on the weekends. Her pay is $9 per hour. Which statement is true about Abby's earnings last weekend?

a)

Her net income is more than $140.

b)

Her gross income is less than $140.

c)

Her net income is less than $140.

d)

Her gross income is more than $140.

6.

Which of these statements about gross income and net income is false?

a)

Gross income is the amount before taxes, and net income is the amount after taxes.

b)

Gross income is more than net income.

c)

Net income is more than gross income.

d)

Net income is the amount you take home after taxes, and gross income is the amount you make before the taxes.

7.

This month Mrs. Barker had some unexpected expenses come up, making her total monthly expenses more than her total monthly income. What are two actions she can take to balance her income?

a)

Pay more money towards her electric bill and pay more money towards her car payment.

b)

Take less hours at work and spend more on groceries.

c)

Ask her boss for more hours and spend extra money buying movies and candy.

d)

Take on extra hours for more pay and spend less on groceries this month.

8.

Kendra's April budget is shown, and her net income for April was $2000. What amount belongs in the "Other" category for this budget to be balanced?

(a)  

9.

Mariana's expenses and income for this month are shown in the table. She wants to buy a $25 gift for her math teacher as well. What is the amount of extra money that Mariana will need to earn to be able to afford all these expenses and still have a balanced budget?

(a)  

10.

Mr. Barker gets paid twice per month at his job. His income and expenses are shown, but the amount for the car payment is missing. If his monthly budget is balanced, what is the amount of Mr. Barker's car payment?

(a)