
Financial Literacy
Quiz
•
Mathematics
•
5th Grade
•
Easy
Standards-aligned
Isabel Bahena
Used 6+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
the income that remains after taxes and other deductions are taken from an individual's gross income
payroll tax
net income
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
tax on wages and salaries to finance Social Security and Medicare costs.
payroll tax
property tax
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
the amount of money collected on the value of a property for the local government as required by law
sales tax
property tax
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
the amount of money collected by a store(retailer), in addition to a good or service that was purchased, for the local government as required by law
sales tax
tax
Tags
CCSS.6.RP.A.3D
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Money paid to the government in exchange for services, like roads, bridges, and police protections.
tax
income tax
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Money that wage earners pay the government to run the country. The amount of the tax depends upon how much I earn.
gross income
income tax
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Income before taxes.
gross income
expenses
Tags
CCSS.7.EE.B.3
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