Which of the following best describes "debt."
Economics Review-Ga. Studies

Quiz
•
Social Studies
•
8th Grade
•
Medium
Alicia Brown
Used 168+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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