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Personal Financial Literacy

Authored by Carolyn Daugherty

Mathematics

5th Grade

CCSS covered

Used 2+ times

Personal Financial Literacy
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6 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is true?

A tax is income received for being an entrepreneur.

A tax is illegal.

A tax is a required payment to the government.

A tax is a payment for rent.

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jackson got a part-time job making hamburgers at a café. Last week he earned $100 in wages, but he received a paycheck for only $70. What is the reason the amount of his paycheck was less than the wages he earned?

Jackson only worked part-time.

The café lost money last week.

The owner of the café decided not to pay Jackson the total amount he earned.

Taxes were taken out of Jackson's paycheck.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following are required payments to the government?

Taxes

Savings

Wages

Income

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Drew bought a computer for $480. Which tax would he have paid on the purchase?

Payroll Tax

Sales Tax

Income Tax

Property Tax

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Miriam has an annual salary of 45,500. Which tax is the money she will pay to a government based on the amount of her yearly salary?

Payroll Tax

Sales Tax

Income Tax

Property Tax

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which tax is the money added to the cost of items or services?

Payroll Tax

Sales Tax

Income Tax

Property Tax

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