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Taxes, Discounts, and Tips

Total questions: 26

Worksheet time: 3hrs 51mins

Name
Class
Date
1.

Mr. Lucas bought a new lounge chair for his game room. The one he chose was $425. He had to pay a sales tax of 8.2%. What was the amount of sales tax he paid on the chair?

a)

$24.90

b)

$44.30

c)

$34.85

d)

Not Here

2.
Vickie makes $40,000 annually.  If she pays 20% in income tax, what is the amount of income tax she will pay?
a)
8000
b)
80000
c)
2000
d)
1200
3.
Sales tax is __________ to the price
a)
subtracted
b)
added
c)
multiplied
d)
divided
4.
Peter is a college professor.  His annual salary is $112,000.  If he has to pay 25% income tax what is the amount of tax he will pay?
a)
30000
b)
28000
c)
25000
d)
22000
5.

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

a)

$ 24.50

b)

$ 142.50

c)

$ 155.00

6.

What is net pay?

a)

The total earnings on your paycheck

b)

Three taxes that everyone must pay

c)

How much a person is worth in total

d)

The amount of your paycheck after taxes are taken out

7.

What is gross earnings?

a)

The total amount of wages on your paycheck

b)

Three taxes that everyone must pay

c)

How much a person is worth in total

d)

The amount of your paycheck after taxes are taken out

8.

Marco has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

a)

$39

b)

$67

c)

$91

d)

$96

9.

Curtis wanted to buy a new book that cost $18. When Curtis pays for his book, his total is almost $20 because of taxes. Which type of tax does Curtis pay?

a)

Payroll Tax

b)

Income Tax

c)

Sales Tax

d)

Property Tax

10.

Money that is taken out of a paycheck that goes to programs, like Social Security and Meidcare, that help people when they retire.

a)

Property tax

b)

Income tax

c)

Sales tax

d)

Payroll tax

11.

William's dad pays a tax to the federal government each year based off the money he earns from his landscaping business. What type of tax does William's dad pay each year?

a)

Payroll Tax

b)

Income Tax

c)

Sales Tax

d)

Property Tax

12.

Fort Bend county charges tax each year on the house that Jennifer owns. Which type of tax does she pay?

a)

Property Tax

b)

Sales Tax

c)

Income Tax

d)

Payroll Tax

13.

Jarrod was a contestant on a popular game show and won a $1,000 prize on the show. Jarrod had to pay $200 of his winnings in taxes. Which type of tax did Jarrod have to pay?

a)

Payroll Tax

b)

Income Tax

c)

Sales Tax

d)

Property Tax

14.

The TV you bought was $900 and the sales tax was 10%, what was the total cost of the TV.

a)

$900

b)

$990

c)

$810

d)

$1035

15.

The shirt that you bought was $20. The sales tax was 15%, what was the final price?

a)

$20

b)

$22

c)

$23

d)

$17

16.

Tickets to Wrestlemania cost $600. The sales tax is 30%, what is the final price?

a)

$660

b)

$600

c)

$630

d)

$780

17.

What is 3.5% written in decimals?

a)

3.5

b)

0.35

c)

0.035

d)

35

e)

0.0035

18.

The new house you bought costs $300 000 but is discounted at 20%. What is the final cost?

a)

$360 000

b)

$240 000

c)

$200 000

d)

$300 000

19.
Bill:  $25
Percentage of tip:  20%
Tip????
a)
$6.00
b)
$5.00
c)
$2.50
d)
$4.00
20.
Your bill is $12.50 and you pay with a $20.00 bill.  What change should you get back? 
a)
10$
b)
$7.50
c)
$8.50
21.
Discount is ____________ from the price.
a)
added
b)
divided
c)
subtracted
d)
mulitipled 
22.
  If you receive 25% off an item costing $22.00, how much money do you save?
a)
$ 5.50
b)
$ 4.25
c)
$6.00
d)
$7.35
23.

What is 82% as a decimal?

a)

8200

b)

820

c)

0.82

24.

A store has a sale for 25% off. You want a sweater that usually cost $30. How much money will you spend on the sweater? **(Use a calculator: cost times percentage)

a)

$30.00

b)

$22.50

c)

$7.50

25.
Find the total after the discount :$89.95 DVD player; 5% discount 
a)
$85.45
b)
$5.45
c)
$8.00
d)
$90.00
26.
$75 dress shirt; 20% discount
a)
$2.36
b)
$70.20
c)
$60.00
d)
$20.00