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Financial Literacy

Authored by Lindsay HITT

Mathematics

5th Grade

CCSS covered

Used 2+ times

Financial Literacy
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16 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Mrs. Allen took home $1,245 after taxes. What is this considered?

net income

gross income

deposits

income tax

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her -

net income

gross income

deposits

income tax

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Mrs. Fanning bought a science kit at the store for $10. At the register, she was charged $10.85. The different between the price and what Mrs. Fanning paid is considered -

income tax

credit

sales tax

property tax

Tags

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.RI.4.4

CCSS.W.6.2D

CCSS.L.6.6

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Mrs. Allen paid $3,678 every year as a tax on her house. This is considered a -

sales tax

income tax

property tax

home tax

Tags

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.L.4.6

CCSS.RI.4.4

CCSS.W.6.2D

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Mrs. Fanning was able to pay all of her bills with the money she was earning. This means she had a -

balanced budget

net income

gross income

property bill

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Mrs. Allen had to pay the government $234 from her paycheck. She paid -

income tax

sales tax

payroll tax

property tax

Tags

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.L.4.6

CCSS.RI.4.4

CCSS.L.6.6

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Before Mrs. Allen received her paycheck fees were taken from her check for medicare, insurance, and social security. These are ___________________ from her paycheck.

deductions

taxes

withdrawals

debits

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

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