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Financial Literacy Chapter 20

Authored by Marla Huebner

Social Studies

7th Grade

48 Questions

Used 36+ times

Financial Literacy Chapter 20
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something that you pay is called....

income
an expense
a profit
savings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that you make is called...

income
variable expense
propery taxes
fixed expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money paid to the government

Budget
Fees
Taxes
Food stamps

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tax on money from a job, paid once a year on April 15 to the IRS

Payroll tax
Coupons
Sales Tax
Income Tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written document telling the financial institution to pay someone

Cash
Card
Check
Debit 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a card that can be used to borrow money from financial institutions,

debit card
credit card
check card
cash card

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

payment for goods and services, what you spend

Income
taxes
expenses
credit card

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