7.13A Income Tax and Sales Tax

Last updated over 4 years ago

14 questions

7.13A Income Tax and Sales Tax

Last updated over 4 years ago

14 questions

Watch the video lesson.  Then complete the assignment.

Drag the tax situation to the correct tax type. There may be more than one at each.

working at Sonic
purchasing a home
earning a salery (paycheck)
owning a home
paying a worker
buying shoes

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.

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?

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

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.

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.

When you find sales tax, you add it to the price of the item or items purchased.

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

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

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.

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.

When you shopping sales, you subtract the discount from the price of the item.

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.

7.13A Income Tax and Sales Tax

7.13A Income Tax and Sales Tax

Drag the tax situation to the correct tax type. There may be more than one at each.

Define gross income and net income.

When you pay income taxes you deduct it from your gross pay.

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?

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

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.

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.

When you find sales tax, you add it to the price of the item or items purchased.

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

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

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.

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.

When you shopping sales, you subtract the discount from the price of the item.

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.

Define gross income and net income.

When you pay income taxes you deduct it from your gross pay.

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?

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

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.

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.

When you find sales tax, you add it to the price of the item or items purchased.

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

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

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.

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.

When you shopping sales, you subtract the discount from the price of the item.

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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.