Economics Review-Ga. Studies

Economics Review-Ga. Studies

8th Grade

17 Qs

quiz-placeholder

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Economics Review-Ga. Studies

Economics Review-Ga. Studies

Assessment

Quiz

Social Studies

8th Grade

Medium

Created by

Alicia Brown

Used 168+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes "debt."

money taken out of your bank account

money that is saved for the future

money owed to another party or a financial institution

a tax on people's earnings

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

________________allows a customer to purchase goods and services before paying for them, based on the trust that payment will be made in the future.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money taken out of your bank account to make a payment is a ________________________.

credit

debit

investment

debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income taxes are a portion of your personal income paid to the government. The more money you make, the higher your income tax payment is. This is because income tax is ____________________________.

gross

shrinking

progressive

risky

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are taxes that are withheld from your income. Check all that apply.

sales tax

social security tax

medicare tax

property tax

income tax

6.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

"Take home" pay is the amount of your income that you are left with after taxes and other payments are withheld. Which income would you rather "take home" because it would pay you the most money?

gross monthly income

net monthly income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The starting point for personal money management is:

debt

spending

income

taxes

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