Taxes, Income, and Balanced Budget
Quiz
•
Mathematics
•
4th - 6th Grade
•
Practice Problem
•
Medium
+3
Standards-aligned
Monica Flores
Used 71+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
When Jay received his paycheck, he noticed his employer withheld money for taxes that is used for Social Security and Medicare. Which tax was deducted from his paycheck?
Payroll Tax
Property Tax
Income Tax
Sales Tax
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The table below shows Phyllis' income and expenses for the month. Her expenses exceed her income. In order to have a balanced budget, how much more money does Phyllis need to earn this week?
$45
$35
$55
$65
Tags
CCSS.7.NS.A.1C
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Chelsea's net income for the month is $3,560. Her monthly expenses are shown in the chart. In order for her budget to be balanced, how much can go in the Remaining Expenses category?
$1,720
$1,630
$1,590
$930
Tags
CCSS.4.OA.A.3
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Rodrigo's net income for the month is $3,281. The table below shows his July Budget. What amount should be in the Savings category for his July budget to be balanced?
$651
$661
$561
$361
Tags
CCSS.7.EE.B.3
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Which statement about gross income and net income is true?
Net income is money the worker earned. Gross income is money the worker receives after taxes and deductions have been taken out.
Gross income is money the worker earned. Net income is money they worker receives after taxes and deductions have been taken out.
Gross income is money the worker earned. Net income is the money the workers pays in sales and property tax.
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Look at Marsha's pay stub from her job.
Which amount is Marsha's gross income?
$207
$2,412
$2,205
Tags
CCSS.6.NS.B.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Calhoun County charges Mrs. O'Donnell a yearly tax on the land and home she owns. Which kind of tax is this?
Sales Tax
Property Tax
Income Tax
Payroll Tax
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