5th Grade Types of Taxes

Imani's company pays this tax from money deducted from each employee paycheck.

Your income AFTER taxes and deduction are taken out. What you ACTUALLY get in your bank.

You own a house at the beach. What tax do you pay on the house?

You purchased some land and plan to build a home. What tax will you pay on the land?

Mr. and Mrs. Williams own a gas station. What tax do they pay on the land and building?

This money is used by the government to build roads and schools and pay for Police and Fire.

Your income BEFORE taxes and deductions are taken out?

Nick earns $60 a night delivering pizzas. What tax does he pay on what he earns?

Money paid based on the value of a home, land, boat, or car. Usually paid each year.

Money added to the cost of goods or services

Money you earn from working

This year, Greg had to pay $2300 in taxes on his home. What tax did he pay?

What tax do you pay based on your earnings?

Employees pay a different amount in taxes based on their salary. What tax are they paying?

A pair of shoes is $35, but the total you paid is $38. What tax did you pay?

Mary's new car cost $19,000 and she paid 6% ________ tax on her purchase.

The manager withholds this tax from each employee paycheck to send to the government.

Taxes are also called a _______ from a paycheck.

This tax is withheld by employers for the government for Social Security and Medicare.

The remote controlled car cost $18.99, but you paid $21. What tax did you pay?

What tax did you pay if the tags on the clothes totals $140, but you had to pay $153?