Personal Finance Test Review

Personal Finance Test Review

9th - 12th Grade

27 Qs

quiz-placeholder

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Personal Finance Test Review

Personal Finance Test Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Amanda Evans

Used 4+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a pay period?

time worked beyond an employee’s regular hour

the number of days an employee works and is paid for each paycheck

the day a person is paid

a fixed amount of money an employee is paid to do a job

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is gross pay?

a pay period of every 2-weeks with 26 pay periods per year

the amount of money earned before any deductions are subtracted

the amount of money left in a worker’s paycheck after deductions are taken out

the amount of money subtracted from a worker’s pay

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an optional/voluntary deduction?

healthcare insurance

state income tax

Social Security tax

Medicare tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Multiplying a worker’s hourly wage amount and hours worked per pay period equals?

pay period

salary

gross pay

net pay

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fixed amount of money per year paid to an employee to do a job is known as a _____?

Hourly rate

Deduction

Overtime Pay

Salary

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the amount of money that remains after taxes have been deducted that a person can save or spend as he or she wishes?

semi-monthly paycheck

gross pay

residents

disposable income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of using credit?

interest and fees

purchasing power

finance charges

overspending

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