Financial Literacy

Financial Literacy

9th - 12th Grade

11 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Karen Denney

Used 19+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Usually, the more education you receive the more money you can potentially earn.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between gross pay and net pay?

Gross is money you have left after taxes

Net is money you have left after taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of taxes are taken out of your pay if you live in Texas?

Federal Income tax

FICA

State Income tax

All of the above

A & B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated % of taxes taken out of your pay?

10%

15%

20%

25%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What deductions could be taken out of your pay check?

Health insurance premiums

Life insurance premiums

Retirement plan premiums

Garnishments

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what order should you use your money?

Save it, spend it, invest it, give it away

Save it, invest it, spend it, give it away

Spend it, save it, invest it, give it away

Give it away, save it, invest it, spend it

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a want and a need?

A want is something necessary to live

A need is something necessary to live

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