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Types of Taxes Flashcards | StudBud

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Types of Taxes

6 terms·StudBud Administration·732 plays

#Introducing #financial literacy

Flashcards6 cardsFPractice quizPHost liveL

Questions 6

Answers

1
Income tax is...
a tax paid when you purchase something or a service
paid to the government based on how much money you earn
paid to the federal government for medical aid or retirement
a tax paid the local government on real estate
2
What is one type of payroll tax?
Transportation
Medicaid
Grocery
Amusement Park
3
A property tax is...
a tax paid to the government for medical aid or retirement
a tax that is paid to the local government for real estate
a tax paid the federal government based on money you earned
a tax that is paid when you buy something or a service
4
Jaz bought a shirt for $15. After taxes, her total was $15.75. What type of tax is this?
Payroll tax
Income tax
Property tax
Sales tax
5
Pay roll taxes are..
taxes paid to the government on real estate
paid when you buy something or a service
taxes paid based off of how much money you make
paid to the federal government for medical aid or retirement
6
A sales tax is..
a tax paid when you buy something a service
money paid to the government based how much money you earn
taken out someone's paycheck for medical or retirement
tax that is paid to the local government for real estate