Financial Literacy Vocabulary

Financial Literacy Vocabulary

5th Grade

16 Qs

quiz-placeholder

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Financial Literacy Vocabulary

Financial Literacy Vocabulary

Assessment

Quiz

Mathematics

5th Grade

Practice Problem

Medium

CCSS
RI.3.10, 6.RP.A.3B, 5.NF.A.1

+11

Standards-aligned

Created by

Angela King

Used 7+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 7 pts

money paid to federal and/or state governments based on the individual's income as required by law

income tax

property tax

payroll tax

sales tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

the amount of money collected by a store in addition to a good (clothes, shoes, games) or service (oil change, haircut)

property tax

payroll tax

sales tax

income tax

Tags

CCSS.5.NF.A.1

CCSS.5.NF.A.2

3.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

the amount of money a company withholds from pay for federal government.

income tax

income tax

payroll tax

sales tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 7 pts

the amount of money collected on the value of a property (land or home) for local government.

payroll tax

property tax

income tax

payroll tax

Tags

CCSS.6.RP.A.3B

5.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

the income that remains after taxes and deductions

gross income

income

net income

budget

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

6.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

money earned or received

gross income

net income

income

expense

Tags

CCSS.6.RP.A.3B

7.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

the total amount of person income before taxes (income, payroll) and deductions (insurance)

income

gross income

net income

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