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Taxes Worksheet - Questions

This document contains examples of different types of taxation scenarios and calculations. It provides information about income tax rates that vary based on income level and asks the reader to determine the type of tax being used and calculate tax amounts based on a provided income tax schedule.

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124 views4 pages

Taxes Worksheet - Questions

This document contains examples of different types of taxation scenarios and calculations. It provides information about income tax rates that vary based on income level and asks the reader to determine the type of tax being used and calculate tax amounts based on a provided income tax schedule.

Uploaded by

Mr Ram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

HS Humanities- Economics

Chapter 14.1 Taxes calculations

Determine with supporting evidence what type of taxation is being used in the
following scenarios:

1) Person X gets paid $ 500,000, and pays $ 60,000 in taxes, while person Y
gets paid $ 400,000, and pays a tax rate of 10%.

Calculations:

Type of tax: ___________________

2) Person X gets paid $ 500,000, and pays $ 60,000 in taxes, while person Y
gets paid $ 800,000, and pays a tax rate of 10%.

Calculations:

Type of tax: ___________________

3) Person X gets paid $ 500,000, and pays $ 50,000 in taxes, while person Y
gets paid $ 400,000, and pays a tax rate of 10%.

Calculations:

Type of tax: ___________________

4) Person X gets paid $ 500,000, and pays 5% in taxes, while person Y gets
paid $ 600,000, and pays a tax of $ 40,000.

Calculations:
Type of tax: ___________________

5) Person X gets paid $ 500,000, and pays 3% in taxes, while person Y gets
paid $ 400,000, and pays tax $ 20,000.

Calculations: The more income , the less tax

Type of tax: __________________

6) Person X gets paid $ 500,000, and pays 5% in taxes, while person Y gets
paid $ 400,000, and pays tax $ 20,000.

Calculations:

Type of tax: ___________________

Use the following income taxation schedule to calculate how much does each
person pay in taxation in the following scenarios:

Income ($) Tax Rate (%)

$ 1 – 5,000 -

$ 5,001 – 20,000 5%

$ 20,001 – 100,000 10%


$ 100,001 – 500,000 15%

Above $ 500,001 20%

7) Ahmed gets paid $ 5,010

8) Farida gets paid $ 55,000

9) Xena gets paid $ 5,000,000

10) Nada gets paid $ 250,000

11) Karim gets paid $ 110,000

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