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Finance Week 11 P1 Exit Ticket

Total questions: 4

Worksheet time: 3mins

Name
Class
Date
1.

Lamarie has 10 acres of land worth $25,000. Luke has 20 acres of land with a house worth $18,750. _​ ​ (a)   pays more in property taxes than ​ ​ (b)   because the value of his property is ​ (c)   ​ than the value of Luke's even though Luke's property includes a ​ (d)   .

Choose from the below words
Lamarie
Luke
higher
home
2.

Which type of tax is based on the value of property owned by a person?

a)

Property tax

b)

Income tax

c)

Sales tax

d)

Excise tax

3.

Drew bought a computer for $480. Which tax could he have paid on the purchase?

a)

Payroll tax

b)

Income tax

c)

Sales tax

d)

Property tax

4.

Jackson got a part-time job making hamburgers at a café. Last week he earned $100 in wages, but he received a paycheck for only $70. What is the reason the amount of his paycheck was less than the wages he earned?

a)

Jackson only worked part-time.

b)

The café lost money last week

c)

The owner of the café decided not to pay Jackson the total amount he earned.

d)

Taxes were taken out of Jackson's paycheck.