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Financial Literacy
By Teal Smith
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Last updated about 7 years ago
6 questions
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Question 1
1.
Question 2
2.
Question 3
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Question 4
4.
What is the difference between gross income and net income?
Question 5
5.
Question 6
6.
John's expenses are less than his income. What are two different ways he can balance his budget?
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
Taxes that are paid by the employer.
Sales tax
Property tax
income tax
payroll tax
Tax paid by you when you work and receive a paycheck.
Payroll tax
property tax
income tax
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