A Which Tax Is It Match each scenario with the tax it 1

Last updated: 2/6/2023

A Which Tax Is It Match each scenario with the tax it 1 TARIFF PROPERTY TAX ESTATE TAX INCOME SOCIAL SECURITY MEDICARE TAXES EXCISE TAX SALES TAX WHEN YOU BUY STUFF Sales tax A percentage of the total price for everything in your shopping cart Added to the price of certain items such as Yvonne buys gloves that cost 10 00 At the register she must pay 10 80 Tariff Added to the price of many goods made in other Countries 21 Sasha bought a townhouse last year She just got a tax bill from the county showing the value of her house and the amount of tax she owes 31 Bigmart sells boots that are made in China and boots made in the U S Bigmart must pay 27 tax on each pair made in China but not on the US made pairs 3 Tax Organizer Use what you learned in the reading to complete this graphic organizer TAXES YOU PAY State citizens voted to add a 75 cent tax to each pack of cigarettes to pay for programs to help people quit smoking Jake got his paycheck today He worked 40 hours at 20 per hour His gross pay was 800 but the amount of his paycheck was only 623 15 Clyde Cash owned two houses three office buildings a Bugatti Veyron antiques stocks and a jet all worth 25 million He passed away His heirs owe the government 9 million in taxes OUT OF YOUR INCOME A percentage of the total amount of income you have for the Social Security Used to fund a medicare program for U S workers Used to fund a health care program for people ane ON STUFF YOU OWN property A tax on the value of land and property you own Estate A tax on what you own when you die if it is worth a very