Grade 9 Tax Computation Worksheet
A worksheet for Grade 9 students to practice tax computation, including income tax, sales tax, and property tax.
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Grade 9 Tax Computation Worksheet
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Date:
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Read each question carefully and provide the best answer. Show all your work for calculations.
1. Which of the following is NOT a type of tax?
Income Tax
Sales Tax
Interest Tax
Property Tax
2. Sales tax is calculated as a percentage of the:
Original price
Discounted price
Total income
Taxable income
3. The amount of money earned by an individual or business is called .
4. Property tax is usually calculated based on the value of a property.
5. A tax on goods and services purchased is known as tax.
6. If the sales tax rate is 7% and you buy a shirt for $25, what is the total cost of the shirt?
7. A house has an assessed value of $200,000. If the property tax rate is 1.5%, how much property tax is owed?
8. Income tax is a tax levied on the income of individuals or businesses.
True
False
9. A progressive tax system means that higher-income earners pay a lower percentage of their income in taxes.
True
False
10. Sarah earned $35,000 last year. Her federal income tax rate is 15% on the first $10,000 and 20% on the amount over $10,000. Calculate her total federal income tax.
11. A new bicycle costs $450. The sales tax rate in your state is 6.5%. What is the total amount you would pay for the bicycle, including sales tax?