Financial Literacy

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.6.6

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.RI.4.4

CCSS.W.6.2D

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

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

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.6.6

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.L.4.6

CCSS.W.4.2D

If Sammy’s expenses are greater than his income, what must he do to balance his budget?

• Earn more money
• Spend less money on expenses
• Earn more money AND spend less
• None of the above

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

To put money into an account.

• Deposit
• Withdraw
• Savings for a chicken
• Interest for a cow

Tags

CCSS.L.8.5A

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

Tags

CCSS.7.RP.A.3

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Tags

CCSS.6.RP.A.3B

Tax on something you buy

• Sales Tax
• Property tax
• income tax
• payroll tax

Tags

CCSS.7.EE.B.3

the income that remains after taxes and other deductions

• Net Income
• Gross income

Tags

CCSS.7.RP.A.3