Financial Literacy

Last updated over 6 years ago
6 questions
1

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

1

Taxes that are paid by the employer.

1

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

1

What is the difference between gross income and net income?

1

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?

1

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