Economics

Multiple Choice

What is income?

• The money the government takes.

• The money you earn at a job

• Money add to something when you buy it.

• Something you are charged when you own something.

Multiple Choice

What does a budget do?

• Helps you find a way to make a lot of money.

• Makes you give away money

• Helps you figure out where to spend money and helps you save money.

• Makes you spend money

Multiple Choice

How long are you charged interest?

• Until the loan is paid for.

• Forever

• As long as you own the item

• As long as the bank decides to charge you.

Multiple Select

Select the ways to invest your money:

• Put it all in a bank and don't ever use it.

• Buying stock

• Buying Property

• Buying valuable medals or gemstones

Multiple Choice

Where did Mr. Duke invest a lot of his money?

• His brother company

• Food Lion

• Duke Telephone Company

• Duke Power Company

Multiple Choice

What is income tax based on?

• How much money a person is paid

• How much money you want to make.

• How much stuff you buy

• How much a person loses in a month

Multiple Choice

Which do you NOT have to pay taxes on?

• Vehicles

• Things you buy

• The air you breathe

• Land and buildings you own

Multiple Choice

True or false: National Tax services provide things for people in New York.

• True

• False

Multiple Choice

True or False: State tax services provide funds for private schools.

• True

• False

Multiple Select

Which two things do counties and cities work together to keep funded?

• Libraries

• Wal Mart

• Parks

• The roads in South Carolina