Personal Finance Weeks 5-6 (Taxes)
8th Grade
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Personal Finance Weeks 5-6 (Taxes)
Quiz
•
Business
•
8th Grade
•
Medium
TYLER BARNA
Used 4+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most federal taxes are put toward programs that provide benefits to retirees, the disabled, and children.
True
False
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
FICA taxes fund... (Choose 2)
Medicare
Medicaid
Social Security
CHIP (Children's Health Insurance Program)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For most people, the largest payroll tax payment is...
federal tax
state tax
city tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nebraska has a state income tax.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is higher - gross pay or net pay?
Gross Pay - this is pay before taxes are taken out.
Gross Pay - this is the pay after taxes are taken out.
Net pay - this is the pay before taxes are taken out.
Net pay - this is the pay after taxes are taken out.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A progressive tax...
Taxes higher earning people more
Taxes lower earning people more
Taxes everyone the same dollar amount
Taxes everyone at the same percentage rate.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A regressive tax...
Taxes higher earning people more
Taxes lower earning people more
Taxes everyone the same dollar amount
Taxes everyone at the same percentage rate.
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