Financial Literacy

Which services is a bank likely to offer?

• balance

• savings account

• online banking

• net deposit

Which of the following are financial institutions?

• bank

• museum

• library

• credit union

A direct deposit is when you take your paycheck directly to the bank after you receive it.

• True

• False

Which type of tax do you pay once a year on any money you've earned (job, lottery, etc)?

• payroll tax
• income tax
• sales tax
• property tax

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan

Something that you pay is called....

• income
• an expense
• a profit
• savings

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

If you spend more money than is in your account, your bank will charge you a fee.

• True

• False

Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her -

• net income

• gross income

• deposits

• income tax

Tags

CCSS.6.RP.A.3C

A debit card is basically an electronic check.

• True

• False

Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?

• Gross Income
• Net Income
• Both Gross and Net Income
• None of the above

Tags

CCSS.6.NS.B.3