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7.13A Income Tax and Sales Tax

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Last updated over 4 years ago
14 questions
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Watch the video lesson. Then complete the assignment.

Question 1
1.

Question 2
2.

Question 3
3.

Question 4
4.

A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6%. What is the amount of incom tax in dollars and cents that the doctor has to pay?

Question 5
5.

Type in your answer from question 3 in dollars and cents. Do not use the $ symbol.

Question 6
6.

Mario works at In and Out Burgers. He earned $740 over 2 weeks. He had to pay 4% in income taxes. How much was his net income?
Type in your answer in dollars and cents. Do not use the $ symbol.

Question 7
7.

Mr. Smith earns $63,500.00 per year as a teacher. He has to pay 8% in income tax. How much will he pay in taxes for the year?
Type in your answer in dollars and cents. Do not use the $ symbol.

Question 8
8.

Question 9
9.

The wholesale price of an iPad is $650. What is the total price if the sales tax is 8%?

Question 10
10.

Type the answer to #9 here.
Type in your answer in dollars and cents. Do not use the $ symbol.

Question 11
11.

A scooter costs $80 plus a $25 assembly fee and has 9% sales tax . What is the total cost of the scooter including tax?(Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.

Question 12
12.

What is the sale price of a $15 shirt that is 20% off ? (Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.

Question 13
13.

Question 14
14.

A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.

Drag the tax situation to the correct tax type. There may be more than one at each.
purchasing a home
working at Sonic
owning a home
earning a salery (paycheck)
buying shoes
paying a worker
Sales Tax
Property Tax
Income Tax
Payroll Tax
Define gross income and net income.
the amount of money earned before taxes.
the amount of money you actually get to keep after taxes
Gross Income
Net Income
When you pay income taxes you deduct it from your gross pay.
True
False
When you find sales tax, you add it to the price of the item or items purchased.
True
False
When you shopping sales, you subtract the discount from the price of the item.
True
False