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Taxes

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Taxes are

a)

unnecessary.

b)

something only some people pay.

c)

money citizens pay for shared services and costs.

d)

money we make when we work.

2.

Without taxes, we wouldn't have...

a)

swimming pools.

b)

parks.

c)

streets.

d)

highways.

3.

We have a responsibility to pay taxes because...

a)

we all use the services they provide.

b)

we like the president.

c)

the government needs money.

d)

we buy things.

4.

We pay taxes on...

a)

clothes

b)

toys

c)

land

d)

income

5.

Taxes pay for...

a)

roads.

b)

libraries.

c)

schools.

d)

animal shelters.

6.

Taxes pay for...

a)

homeless shelters.

b)

soup kitchens.

c)

police officers.

d)

groceries.

7.

When there is tax on something you buy at the store...

a)

you pay more.

b)

you pay less.

c)

you're helping pay for community resources.

d)

you shouldn't pay it.

8.

Shared services are...

a)

services for only some people.

b)

something everyone is welcome to use.

c)

expensive.

d)

unnecessary.

9.

THE AMOUNT OF MONEY PAID EVERY YEAR BASED ON THE VALUE OF YOUR HOUSE.

a)

PAYROLL TAX

b)

SALES TAX

c)

INCOME TAX

d)

PROPERTY TAX

10.

THE AMOUNT OF MONEY PAID TO THE FEDERAL GOVERNMENT BASED ON MONEY EARNED. (FILED ANNUALLY)

a)

PAYROLL TAX

b)

SALES TAX

c)

INCOME TAX

d)

PROPERTY TAX

11.

Mrs. Perez pays a tax every year because she own a piece of land. Which tax is this?

a)

Income Tax

b)

Property Tax

c)

Sales Tax

d)

Payroll Tax

12.

"A tax on retail products based on a set percentage of retail cost."

Which term best fits this definition?

a)

Income Tax

b)

Payroll Tax

c)

Property Tax

d)

Sales Tax

13.

What is income?

a)

The amount of money you spend

b)

The amount of money you earn

c)

A type of tax

d)

A type of expense

14.

Which tax is collected by the federal government based on an individual’s yearly earnings?

a)

Income Tax

b)

Payroll Tax

c)

Sales Tax

d)

Property Tax

15.

Rick bought an item for $100, but when hesaw hisreceipt, herealized that hepaid $108.20. Which statement best describes the reason why Rickpaid over $100 for the item?

a)

He paid sales tax.

b)

He paid payroll tax.

c)

He paid income tax.

d)

He paid property tax.