PART A Answer the following questions based on the above reading. Match each scenario with the tax it is describing by putting the correct number next to
the proper tax.
1) Yvonne buys gloves that cost $10.00 At the register, she must pay
$10.80
TARIFF
2)Sasha bought a house last year. She just got a tax bill from the
county showing the value of her house and the amount of tax she
owes.
PROPERTY
ITAX
3)Bigmart sells boots made in China and boots made in the US
Bigmart must pay 27% tax on each pair of boots made in China, but
not on the U. S. made boots
ESTATE
TAX
4)State citizens voted to add a 75-cent tax to each pack of cigarettes
to pay for programs to help people quit smoking.
Income/Social
Security/Medicare
Taxes
5)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
EXCISE
TAX
6) Clyde Jones owned two houses three office buildings a Bugatti
Veyron, antiques stocks and a jet all worth $25 million He passed
away. His heirs(relatives) owe the government $9 million in taxes
SALES
TAX