Financial Literacy

1. What type of taxes are added to the price of something you buy?

• sales tax

• property tax

• income tax

• gross income

Tags

CCSS.6.RP.A.3B

2. What type of income is earned "before" payroll taxes are taken out?

• net income

• insurance income

• gross income

• income tax

3. A debit card is...

• a bill to pay

• an ATM

• a way to pay for things & tied to your bank account

• a budget

4. Check all that apply:

The different forms of payment tied to your bank account are-

• checks

• deposit

• debit card

• a dancing giraffe

5. What type of tax do you pay when you own a house or land?

• income tax

• a withdrawal

• a deposit

• property tax

6. Payroll taxes are the taxes taken out of an individual's paycheck.

• TRUE

• FALSE

 $\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2\ \left(30\ \div6\ \right)$ 

• 12

• 36

• 10

• 83

Tags

CCSS.5.OA.A.1

CCSS.5.OA.A.2

8. A budget is a plan for money.

• TRUE

• FALSE

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

9. What does it mean to exceed?

• balance a budget

• go over in an amount

• no sales tax

• pay taxes

Tags

CCSS.RI.5.4

CCSS.RI.6.4

CCSS.RL.5.1

CCSS.RL.5.4

CCSS.RL.6.4