5.10.A Define financial terminology relating to tax

QuizÂ by Texas Education Agency

Mathematics
Texas Essential Knowledge and Skills (TEKS)

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### Measures 1 skill fromGrade 5MathematicsTexas Essential Knowledge and Skills (TEKS)

5.10.A: Personal Financial Literacy

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5 questions
• Q1
Ms. Parvin pays a tax every year because she owns a house. Which term best describes this tax?
Sales tax
Income tax
Payroll tax
Property tax
60s
5.10.A: Personal Financial Literacy
• Q2
A definition of a financial term is shown in the box. Which term best fits this definition?
Sales tax
Payroll tax
Property tax
Gasoline tax
60s
5.10.A: Personal Financial Literacy
• Q3
A definition of a financial term is shown in the box. Which term best fits this definition?
Sales tax
Payroll tax
Property tax
Income tax
60s
5.10.A: Personal Financial Literacy
• Q4
What 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.
60s
5.10.A: Personal Financial Literacy
• Q5
How 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.
60s
5.10.A: Personal Financial Literacy

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