Financial Literacy Vocabulary

Financial Literacy Vocabulary

5th Grade

10 Qs

quiz-placeholder

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Financial Literacy Vocabulary

Financial Literacy Vocabulary

Assessment

Quiz

Mathematics

5th Grade

Medium

Created by

Richard Dismuke

Used 9+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Additional money paid for items/services that are bought (retail items)

Sales Tax

Property Tax

Payroll Tax

Income Tax

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Additional money paid for LAND or any BUILDINGS on the land

Sales Tax

Property Tax

Payroll Tax

Income Tax

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Money taken out of an employee's check BEFORE they are paid (paid by the company)

Sales Tax

Property Tax

Payroll Tax

Income Tax

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Money paid by an EMPLOYEE on the money they earn

Sales Tax

Property Tax

Payroll Tax

Income Tax

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Amount of money you have to be able to spend

Income

Budget

Payroll

Expenses

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When expenses and income are equal

Balanced Budget

Budget

Gross Income

Net Income

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Things that are paid for (bills, groceries, gas, savings, etc)

Expenses

Budget

Taxes

Income

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