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Financial Literacy Vocabulary Quiz

Authored by Tawne Glaze

Mathematics

5th Grade

CCSS covered

Used 140+ times

Financial Literacy Vocabulary Quiz
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16 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the income BEFORE taxes are taken out?

net income

gross income

tax income

my income

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the income AFTER taxes are taken out?

net income

gross income

tax income

my income

Tags

CCSS.6.RP.A.3D

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An order in writing to a bank asking that a certain sum of money be paid out of one's account.

debit card

credit card

check

deposit

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A portion of the value of items that is paid to a city or state government. This tax can be charged on things such as cards, houses, boats, or land.

payroll tax

property tax

income tax

sales tax

Tags

CCSS.6.RP.A.3B

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money added to the cost of items or services.

payroll tax

property tax

income tax

sales tax

Tags

CCSS.6.RP.A.3D

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money an employer withholds from an employee's earnings.

payroll tax

property tax

income tax

sales tax

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Money paid to a city, town, or state government or to the U.S. government based on income.

payroll tax

property tax

income tax

sales tax

Tags

CCSS.7.RP.A.3

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