WorksheetsCan You Pay Your Bills #3
Total questions: 22
Worksheet time: 14mins
Taxes were used throughout history to fund projects like roads, sewage, and military.
Tax amounts are often based on what a person earns, buys, or owns.
Federal income taxes are only paid by the _______ to the government.
employee
employer
Taxes _______ the more you make.
decrease
stay the same
increase
All cities add income taxes on top of federal taxes.
What tax is paid by the employer and the employee?
payroll
federal
state
Income taxes are _____% of your gross income.
15.1
15.2
15.3
The employer pays all payroll taxes.
What is not subject to sales taxes?
check all that apply
medication
cars
most foods
a house
Sales taxes help pay for ______?
write 2 answers
What taxes will you pay if you own a home?
property taxes
income taxes
state taxes
federal taxes
IRS stands for______.
International Revenue
Service
Interrogation Revive Service
Internal Renewal Service
Internal Revenue Service
What can happen if you don’t pay your taxes?
Tax day is on what day?
April 15th
August 15th
July 15th
October 15th
Endorsing a check means_____________
withdrawing it
signing it
cashing it
Endorsing a check gives the (a) the legal right to process the check.
Where do you endorse a check?
On the signature line of the check
On the memo line of the check
On the lines on the back of the check
You can endorse a check to anyone else but yourself.
What happens if you sign below the lines on the back of the check?
Direct deposit allows your paycheck to be automatically deposited in your bank account electronically.
With direct deposit, you do need to bring a check into the bank.
What are some benefits of direct deposit?
