Financial Literacy

Your pay BEFORE taxes is called your:

• Gross income
• Net income
•  Total income

Your pay AFTER taxes is called your:

• Gross income
• Net income
• Total income

Tags

CCSS.7.RP.A.3

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

Tags

CCSS.6.RP.A.3B

Net income is:

• the total amount of money you earn
• the amount of money you receive after deductions are subtracted from your gross income
• the amount of money that is taken away in the form of taxes
• the hourly rate of pay

Tags

CCSS.7.RP.A.3

Gross income is:

• the total amount of money you earn
• the amount of money you receive after decuctions are subtracted
• the total amount of money you spend
• sales taxes on items you buy

Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?

• Gross Income
• Net Income
• Both Gross and Net Income
• None of the above

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

What is the amount of money you earn, before taxes are taken out?

• Net Income
• Gross Income
• Property Income

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Tags

CCSS.6.RP.A.3B

Tax the boss takes out of your check for social security and medicare

• Property Tax
• Income Tax
• Sales Tax
• Payroll tax

Tags

CCSS.6.RP.A.3D

Money taken out your income

• gross
• net
• deductions
• expenses

Tags

CCSS.3.OA.D.9