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Financial Literacy

Last updated almost 7 years ago

6 questions

1

1

1

1

Question 4

4.

What is the difference between gross income and net income?

1

1

Question 1

1.

A tax on retail items based on a set percentage of retail cost. What type of tax is this?

property tax

sales tax

payroll tax

Question 2

2.

Taxes that are paid by the employer.

Sales tax

Property tax

income tax

payroll tax

Question 3

3.

Tax paid by you when you work and receive a paycheck.

Payroll tax

property tax

income tax

Question 5

5.

Nelly purchased some land and will one day build a house on it. Which term best describes the tax she will pay on the land?

sales tax

income tax

property tax

Question 6

6.

John's expenses are less than his income. What are two different ways he can balance his budget?