Sales Tax Calculations
The amount of Massachusetts sales tax you would pay if you bought a $100 necklace.
What is $6.25?
April 15 is usually when this type of tax is due.
What is income tax?
Often the largest expense for a municipality.
What is the school system?
The 6.25% tax you pay in Massachusetts for most things you buy at a store.
What is sales tax?
In 1773, a tax on this drink caused Bostonians to dump it into the harbor.
What is tea?
The amount of Massachusetts sales tax you would pay if you bought a $1000 iPhone.
What is $62.50?
The government agency that collects income tax.
What is the IRS?
The Medicare tax funds this type of service.
What is healthcare?
The name of the type of tax you pay on a boat or a car.
What is an excise tax?
In addition to use by the postal system, these small pieces of paper can be stuck on objects to show a tax has been paid.
What is a stamp?
The amount of Massachusetts sales tax you would pay if you bought a $500 bike.
What is $31.25?
It’s another ex-word, like exclusion, for money that isn’t counted towards the taxes you owe.
What is an exemption?
These parks are managed by the federal government such as Yellowstone and Acadia.
What are national parks?
These taxes come out of your pay and are used to finance social insurance programs, such as Social Security and Medicare.
What are payroll taxes?
This ancient European civilization revered the tax professional as the most noble man in society.
What is Greece?
The total amount you would pay for a $39.99 shirt in Massachusetts.
What is $39.99?
The name of the form called by its letter number name that you get from your employer showing how much money you earned for the year.
What is a W2?
While it’s only a small share of the national budget, this agency does amazing work in space.
What is NASA?
Some states have this tax, some states don’t, but if your state has it, you should file it when you file your federal income tax return.
What is the state income tax?
This tax served the purpose of making it difficult for low income and black voters to vote and was repealed by the 24th Amendment.
What is a poll tax?
Including the Massachusetts sales tax, the total amount of a $10 beach bag.
What is $10.63?
The word for the money you get back if you pay more than you owe on your taxes.
What is a refund?
This US department includes the IRS, the production of coins and currency, and the borrowing of funds to run the government.
What is the Department of the Treasury?
Due usually on April 15, the tax you pay when you file a form 1040.
What is the federal income tax?
This public health insurance program is the biggest expense for states.
What is Medicaid?