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Financial Literacy

Authored by Alexandra Pietrzak

Mathematics

5th Grade

CCSS covered

Used 8+ times

Financial Literacy
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14 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tax based on purchased goods and services.

Payroll Tax

Income Tax

Property Tax

Sales Tax

Tags

CCSS.7.EE.B.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tax based on an employee's wages. It is paid by the employee.

A Tax

Income Tax

Property Tax

Sales Tax

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tax paid on buildings or land by the owner.

Payroll Tax

Income Tax

Property Tax

Sales Tax

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money a person makes BEFORE taxes and other deductions.

Gross Income

Net Income

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of money a person makes AFTER taxes and other deductions are taken out.

Gross Income

Net Income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you make to spend.

Income amount

Expense amount

Tags

CCSS.7.EE.B.3

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Alex purchases 2 comic books for $5 each and a set of trading cards for $10. He gives the clerk $20, but he needs more money to pay for the tax. Which tax does Alex need to pay?

Property tax
Income tax
Sales tax
Payroll tax

Tags

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.W.6.2D

CCSS.RI.4.4

CCSS.L.6.6

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