Financial Literacy 1 Flashcards

1

The Jones' received a notice that their taxes increased due to a swimming pool they installed.

2

Mark’s net income is $855.08. If his gross income is $1,100, how much are his payroll taxes?

3

This month Ms. Landry's expenses are greater than her income. What should she do?

4

Amy buys a necklace for $280. Which of the following taxes could she have paid on the purchase?

5

What is the definition of gross income?

6

What is the definition of net income?

7

Ms. Landry pays a tax every year because she owns a house. Which term best describes this tax?

Financial Literacy 1