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.3

CCSS.7.RP.A.2

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

Deciding how to spend your money before you actually spend it.

• Account

• Balance

• Budget

• Cash

Anything that you spend money on.

• income

• expense

• deposit

• withdrawal

Tags

CCSS.3.OA.D.9

Money earned through work.

• withdrawal

• expense

• deposit

• income

Tags

CCSS.7.NS.A.1A