Income Unit Review

Income Unit Review

8th Grade

15 Qs

quiz-placeholder

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Income Unit Review

Income Unit Review

Assessment

Quiz

Life Skills

8th Grade

Easy

Created by

Hannah Tubbs

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Who pays taxes?

Adults

People with a job

Students

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which is not a purpose of taxes?

Improve roads

Support government

Pay retirement benefits

Build new restaurants

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which is not one of the 3 main types of taxes?

Grocery

Sales

Income

Property

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Federal, Social Security, and Medicare are all types of deductions from a paycheck.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The total amount of earnings made over a one-year period after all deductions have been taken out is...

Gross annual income

Gross monthly income

Net annual income

Net monthly income

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The total amount of earnings made over a month, before any deductions is known as..

Gross annual income

Gross monthly income

Net monthly income

Net annual income

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This is known as the earnings received before deductions are taken out

Gross income

Net income

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