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Personal Financial Literacy

Authored by AMANDA GILL

Mathematics

4th - 5th Grade

CCSS covered

Used 11+ times

Personal Financial Literacy
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13 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

Ms. Vonn's monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn's budget is balanced every month. How much is Ms. Vonn's monthly car payment?

$2,400

$300

$500

$2,100

Tags

CCSS.4.OA.A.3

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

This month Mando’s expenses are greater than his income. What are two actions Mando can take in order to balance his budget?

Increase expenses and decrease income.

Decrease expenses and decrease income.

Decrease expenses and increase income.

Increase expenses and increase income.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Ms. Parvin pays a tax every year based on the value of the home she owns. Which term best describes this tax?

Income tax

Payroll tax

Sales tax

Property tax

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mr. Espinoza earned $62,500 last year at his job. He paid the federal government $11,756 in taxes on the money he earned. The money he paid the government is an example of which kind of tax?

Income Tax

Sales Tax

Property Tax

Payroll Tax

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which of the following statements about gross income and net income is true?

Gross income is a tax on all income that a worker earns, and net income is a tax paid by an employer.

Gross income is a tax paid by an employer based on a worker’s wages, and net income is a tax on all income that a person earns.

Gross income is the amount an employee is paid after deductions and taxes, and net income is the total amount an employee earns before deductions are applied.

Gross income is the total amount an employee earns before deductions are applied, and net income is the amount an employee is paid after deductions and taxes.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Ms. Garcia began working at a publishing company on January 1, 2013. She was told by her boss that she would earn $6,400 each month. On February 1, 2013 Ms. Garcia received her first paycheck in the amount of $5,250 which was $1,150 less than the amount her boss said she would earn. Which number in the situation above represents Ms. Garcia’s net income in dollars?

$6,400

$5,250

$2,013

$1,150

Tags

CCSS.7.EE.B.3

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Money earned before taxes and other deductions are withdrawn. _______________________

Income Tax

Sales Tax

Gross Income

Net Income

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