5G, U2-L4: Bell Ringer
Quiz by Super 7 Girls
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- Q1
What is a payroll tax?
Deductions from pay for income tax, Social Security tax, and Medicare tax
A tax Used to support local education, fire and police protection, the work of the local government, and some free medical services
Paid to the federal government based on your income
Tax paid on goods and some services
30s - Q2
Check this calculation and see if it’s correct.
Income tax: $47.00
Social Security tax: $35.96
Medicare tax: $8.41
Total payroll taxes: $91.37
Net Pay: $397.26
Correct
Incorrect
30s - Q3
Why do we pay taxes?
We pay to help fund defense
We pay to improve and maintain public infrastructure
All of the Above
We pay to fund local government projects
30s