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Personal Budget Vocabulary Quiz

Authored by Catherine O'Brien

Professional Development

6th - 8th Grade

Used 9+ times

Personal Budget Vocabulary Quiz
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6 questions

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1.

DRAG AND DROP QUESTION

1 min • 1 pt

Definition: A percentage of your income collected by the government to help pay for services like police, firefighters, and schools.​ (a)  

Income Tax
Budget
Expense
Balanced Budget
Net Income
Gross Income

2.

DRAG AND DROP QUESTION

1 min • 1 pt

Definition: Your income is equal to your expenses. You don't spend more than the income you have coming in.​ (a)  

Balanced Budget
Budget
Expense
Net Income
Income Tax
Gross Income

3.

DRAG AND DROP QUESTION

1 min • 1 pt

Definition: The amount of money you earn BEFORE any taxes or other expenses are taken out of your paycheck.​ (a)  

Gross Income
Budget
Expense
Net Income
Income Tax
Balanced Budget

4.

DRAG AND DROP QUESTION

1 min • 1 pt

Definition: A plan for how you will spend your money. It includes your income and expenses for a period of time (weekly, monthly, etc.).​ (a)  

Budget
Expense
Net Income
Income Tax
Balanced Budget
Gross Income

5.

DRAG AND DROP QUESTION

1 min • 1 pt

Definition: The money left over AFTER taxes and other expenses are taken out of your paycheck.​ (a)  

Net Income
Budget
Expense
Income Tax
Balanced Budget
Gross Income

6.

DRAG AND DROP QUESTION

1 min • 1 pt

Definition: Something you spend your money on.​ (a)  

Expense
Budget
Net Income
Income Tax
Balanced Budget
Gross Income

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