Personal Financial Literacy

Money you receive after taxes is called:

• gross income
• net income
• salary
• pay day

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan

When you own a house, what type of tax do you pay on it?

• income tax
• sales tax
• property tax
• payroll tax

What type of tax do you pay for Cheetos and soda?

• income tax
• sales tax
• property tax
• payroll tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Which type of tax is taken directly out of your paycheck?

• payroll tax
• income tax
• paycheck tax
• sales tax

Tags

CCSS.7.RP.A.3

Which type of tax do you pay once a year on any money you've earned (job, lottery, etc)?

• payroll tax
• income tax
• sales tax
• property tax

Which of the following is considered a "need" when budgeting?

• money for eating out
• money for going to the movies
• money to pay for your house
• money for your dog's toys

Tags

CCSS.4.MD.A.2

What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?

• ATM (automated teller machine)
• credit card
• safe deposit box
• coffee can under your bed

Jan babysits for money. She is paid $7 each time. She saves all of the money she makes. If Jan wants to save $35, how many times does she need to babysit?

• 7 times

• 28 times

• 5 times

Tags

CCSS.4.MD.A.2

CCSS.4.OA.A.1

CCSS.4.OA.A.2

Billy received $6 each week for him allowance. He saves $4 each week and only spends $2. How much money will Billy have saved in 5 weeks?

• $20

• $12

• $10

Tags

CCSS.5.NBT.B.7