WorksheetsTypes of Taxes
Total questions: 20
Worksheet time: 3570secs
Which type of tax is described below?
Mr. Sheffield is installing an in-ground pool in his yard. He will have to pay $600 more in tax per year on his house because of the pool.
payroll tax
property tax
sales tax
Which type of tax is described below?
Aubree makes baby blankets that she sells online and at craft fairs. This year, she pays $680 in tax on the profits from her baby blankets.
income tax
property tax
sales tax
Which type of tax is described below?
Cassidi is going on a golfing trip. Before the trip, she buys new golf clubs that have a price of $225.00. She pays a total of $245.25 for the golf clubs.
payroll tax
property tax
sales tax
Which type of tax is described below?
This year, Mrs. Harle made a profit of $49,500 publishing the newspaper in her hometown. She paid $6,700 in tax on her profit.
property tax
income tax
sales tax
Which of the following is an example of a person paying property taxes?
Melissa bought a bicycle. She paid taxes for the bicycle she purchased.
Javier owns a small cabin on several acres of land. He pays taxes each year for the cabin.
Jennifer gets paid every other week. She pays taxes based on her earnings.
An employer withholds money from Christina's monthly wages to pay for Social Security taxes.
Which two are examples of income tax?
Brian won a cash prize on a popular game show. Brian pays taxes based on the money he earned.
Lily bought a television for $149.67, including tax.
Lawrence has two jobs. Each year, Lawrence pays taxes based on all the money he earns.
Julian's employer withheld $37.58 for Medicare taxes.
A definition of a financial term is shown in the box. Which term best fits this definition?
Payroll Tax
Property Tax
Sales Tax
Income Tax
Match each table to the correct tax.
Table A
Payroll Tax
Table B
Property Tax
Table C
Sales Tax
Table D
Income Tax
Marcos went to the mall to purchase clothes for back to school. He purchased four t-shirts and two pairs of blue jeans. He paid taxes on the items he purchased. What type of taxes did Marcos pay?
Payroll Tax
Property Tax
Sales Tax
Income Tax
Match the example to the correct type of tax.
Eva purchased 20 acres of land in the country. She pays taxes each year for the 20 acres of land.
Property Tax
Angie went to a retail store to purchase a birthday gift for her sister. She paid taxes on the gift she purchased.
Sales Tax
Luis earns about $65,000 each year from selling items online. He pays taxes on the money he makes from online sales.
Income Tax
An employer withholds a portion of Stephanie's weekly wages to pay for Medicare.
Payroll Tax
Which term best fits this definition?
Payroll Tax
Property Tax
Sales Tax
Income Tax
What are the 3 main types of taxes in the United States?
What is the day of the year every year when taxes are due?
April 1st
April 15th
March 15th
February 14th
What is a sales tax?
A tax imposed on the loaning of goods and services.
A tax imposed on the income of individuals.
A tax imposed on the sale of goods and services.
A tax imposed on the import of goods and services.
Which type of tax takes a larger percentage of income from low-income earners than from high-income earners?
Regressive tax
Progressive tax
Flat tax
Sales tax
Which type of tax increases as the income or wealth of the taxpayer increases?
Regressive tax
Proportional tax
Flat tax
Progressive tax
Which type of tax does everyone pay the same tax rate, regardless of their income level?
Regressive tax
Progressive tax
Flat tax
Sales tax
Which type of tax is based on the value of property owned by a person?
Property tax
Income tax
Sales tax
Excise tax
What is a progressive tax?
A tax that takes a larger percentage from low-income people.
A tax that takes the same percentage from everyone, regardless of income.
A tax that takes a larger percentage from high-income people.
A tax that is only applied to luxury goods and services.
What is the largest source of revenue for the federal government?
Social Security Tax
Medicare Tax
Individual Income Tax
Property Tax
