Personal Finance Study Guide

Personal Finance Study Guide

1st Grade

25 Qs

quiz-placeholder

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Personal Finance Study Guide

Personal Finance Study Guide

Assessment

Quiz

Computers

1st Grade

Practice Problem

Easy

Created by

Haley Rudd

Used 9+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is making a plan for the future about how to manage your finances?

Economics

Financial planning

Investments

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a way to tell if an economy is strong or weak?

Inflation

Unemployment rate

All of the above

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What type of economic system does the United States have?

Planned/command economy

Traditional economy

Mixed economy

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the full amount of wages or salary that an employer agrees to pay an employee?

Net pay

Gross pay

Pay stub

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the amount of money that actually gets paid to the employee after payroll withholding?

Gross pay

Net pay

Withholding pay

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are taxes paid to the federal government on an individual’s or company’s income that are used for things like national defense, law enforcement, the national debt, social programs, community development, the costs of running the county, and more?

Federal taxes

State taxes

Local taxes

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following are forms of currency in the United States?

Cash

Paper bills and coins

All of the above

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