Personal Finance Vocab quiz!

Money you receive after taxes is called:

• gross income
• net income
• salary
• pay day

Tags

CCSS.7.RP.A.3

When you own a house, what type of tax do you pay on it?

• income tax
• sales tax
• property tax
• payroll tax

Tags

CCSS.7.RP.A.3

Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?

• Gross Income
• Net Income
• Both Gross and Net Income
• None of the above

Tags

CCSS.6.NS.B.3

What type of tax do you pay for Cheetos and soda?

• income tax
• sales tax
• property tax
• payroll tax

Tags

CCSS.6.RP.A.3D

A spending or savings plan.

• budget

• payroll taxes

• balanced budget

• expense

When what you make, spend, and save all balance out to $0. Income=Expenses

• budget

• income

• gross income

• balanced budget

Anything that you spend money on.

• income

• expense

• deposit

• withdrawal

Tags

CCSS.3.OA.D.9

Money earned through work.

• withdrawal

• expense

• deposit

• income

Tags

CCSS.7.NS.A.1A

an amount of money parents regularly give children

• allowance

• candy

• spend

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

What is Gross income?