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Financial Literacy Quiz

Mathematics

4th - 6th Grade

CCSS covered

Used 49+ times

Financial Literacy Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Amanda has to pay taxes on her annual salary and investments. Which type of tax is Kimberly paying? 

Sales Tax
Property Tax
Payroll Tac
Income Tax

Tags

CCSS.L.4.6

CCSS.L.6.6

CCSS.RI.4.4

CCSS.W.6.2D

CCSS.RI.5.4

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an advantage of using a credit card?

Interest is charged for the use of a credit card.

Consumers can purchase things now, and pay for them later in the event of an emergency.

You could be a victim of identity theft.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

Tags

CCSS.6.RP.A.3D

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jonathan's new clothes cost a total of $572.50 before tax. What type of tax does Jonathan have to pay for his new clothes?

Income Tax
Property Tax
Payroll Tax
Sales Tax

Tags

CCSS.L.4.6

CCSS.L.6.6

CCSS.RI.4.4

CCSS.W.6.2D

CCSS.W.5.2D

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Jenny just received her first paycheck. She noticed that after they deducted $30 for payroll taxes and $60 for medical insurance. Her net pay was $320. How much did Jenny make before the deductions were removed from her gross pay?

$230
$410
$320
$140

Tags

CCSS.7.EE.B.3

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is money earned? 

Income
Interest 
Credit 
Savings plan 

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a need?

Food
Transportation
Rent
Movies

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