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5.10.A Define financial terminology relating to tax
Quiz by Texas Education Agency
Grade 5
Mathematics
Texas Essential Knowledge and Skills (TEKS)
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5 questions
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- Q1Ms. Parvin pays a tax every year because she owns a house. Which term best describes this tax?Sales taxIncome taxPayroll taxProperty tax60s5.10.A: Personal Financial Literacy
- Q2A definition of a financial term is shown in the box. Which term best fits this definition?Sales taxPayroll taxProperty taxGasoline tax60s5.10.A: Personal Financial Literacy
- Q3A definition of a financial term is shown in the box. Which term best fits this definition?Sales taxPayroll taxProperty taxIncome tax60s5.10.A: Personal Financial Literacy
- Q4What is income tax?Tax added to the price of certain goods and services, normally as a percentage of the purchase price.The tax paid by a company based on the amount of money the company spends paying all of its employees.The tax paid on the money that a person or business receives as income. The tax paid on the money that a person or business receives as income.The tax on property that the owner is required to pay.60s5.10.A: Personal Financial Literacy
- Q5How would you define property tax?The tax paid by a company based on the amount of money the company spends paying all of its employees.The tax on property that the owner is required to pay.The tax paid on the money that a person or business receives as income. The tax paid on the money that a person or business receives as income.Tax added to the price of certain goods and services, normally as a percentage of the purchase price.60s5.10.A: Personal Financial Literacy