Financial Literacy Review

What do we call the amount left over from your paycheck after taxes and deductions?

• balance
• gross balance
• transaction
• net pay

The longer the money is invested the better?

• True

• False

A plan for spending

• income
• expenses
• sales tax
• budget

Which is an example of a variable expense?

• car payment
• mortgage
• electricity bill

Which type of expenses are these, rent, car payment?

• Crazy bills
• Variable expense
• Fixed expense

money earned or received

• Expenses
• Income
• Deductions
• Check

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

A type of savings that signifies that you own a part of a corporation and a claim to their assets and earnings.

• Stock

• Share

• Dividend

• none is correct

When you buy a stock, you are buying a small piece of _______ in a company.

• debt
• ownership
• risk

Anything that is purchased with the hope that it will generate income or be more valuable at a future date.

• investment

• loan

• income

• expense