Ch.10 Personal Finance Test

Ch.10 Personal Finance Test

9th Grade

•

30 Qs

quiz-placeholder

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Ch.10 Personal Finance Test

Ch.10 Personal Finance Test

Assessment

Quiz

•

Other

•

9th Grade

•

Easy

Created by

Tabitha Burton

Used 28+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Withholdings and deductions are . . .

A. Examples of deficit spending

B. Expenses that are taken out of your paycheck

C. Categories of a good budget

D. Money that the government gives back to you

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tax on the purchase of goods or services is called ?

A. Consumption tax

B. Purchase tax

C. Income tax

D. Goods and services tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money you earn hourly for your time and effort at work is called your ?

A. Wages

B. Salary

C. Minimum wage

D. Income tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Form W-4 estimate?

A. How much tax you'll owe based on your personal situation.

B. How much income you should be making.

C. How much money you'll spend in that fiscal year.

D. How many tax returns you need to submit.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every American who earns an income must file a each year....

A. Tax deduction

B. Paycheck

C. Tax extension

D. Federal tax return

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you make money, you will pay in taxes.....

A. More; more

B. More; less

C. Less; more

D. More; the same amount

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you work and earn money, you will have to pay taxes.

True

False

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