Taxes

Presentation

•

Mathematics

•

11th - 12th Grade

•

Medium

•

CCSS

RI.9-10.4, 7.RP.A.3, RI.8.2

+18

Standards-aligned

Jessica Quinn

Used 447+ times

FREE Resource

3 Slides • 9 Questions

Taxes

Welcome back from Spring Break!

Types of Taxes

Income Taxes: Federal and state taxes on the income you earn
Property Taxes: Taxes you pay on homes, land, or commercial real estate
Payroll Taxes: Include FICA and unemployment deductions
Sales Tax: Tax paid to a governing body on the sale of goods and services

Multiple Choice

Roads, police, schools, governmental agencies, fire and emergency services are funded by taxes.

True

False

Multiple Choice

Louis's dad pays a tax to the federal government each year based off the money he earns from his business. What type of tax is Louis' dad paying?

Payroll tax

Sales tax

Property tax

Income tax

Multiple Choice

Your parents pay $3500 in taxes each year based off of the value of your home. Which type of tax is this?

Payroll tax

Property tax

Sales tax

Income tax

Fill in the Blanks

Type answer...

Gross vs Net Pay

Gross Pay - before taxes or an deductions are taken out
Net Pay - The amount you deposit into your banking account. This is the amount after taxes and deductions have been taken out.

Multiple Choice

IRS stands for:

Internal Revenge Service

Internal Revenue Service

International Revenue System

Italian Ravioli Sauce

Multiple Choice

Also known as your take home pay.

Salary

Gross pay

Net pay

Withholdings

Multiple Choice

These taxes come out of a person's paycheck and is meant to help people once they retire.

401k

Social security tax

Unemployment taxes

Payroll deductions

Multiple Choice

This tax form is received when you start a new job. It determines how much money gets taken out of each paycheck.

W-4

W-2

1099

1040

Multiple Choice

This is a form you fill out by April 15th to determine how much you either owe or will be refunded in taxes for the previous year.

W-4

W-2

1099

1040

Taxes

Welcome back from Spring Break!

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