Financial Literacy Vocabulary 5th
Authored by SHANNON LYNN KING
Mathematics
5th Grade
CCSS covered
Used 9+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Money paid to federal and/or state governments based on an individual's income as required by law
Gross Income
Income Tax
Net Income
Property Tax
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The amount of money collected on the value of a property for local government
Payroll Tax
Sales Tax
Property Tax
Income Tax
Tags
CCSS.6.RP.A.3D
3.
MATCH QUESTION
15 mins • 1 pt
Match the following definitions to the correct vocabulary terms.
Payroll Tax
Amount of money collected by a store in addition to a good or service
Income
Income that remains after taxes and deductions
Check
Money earned or money received
Sales Tax
The amount of money a company withholds from pay for the federal government
Net Income
A written document telling the bank to pay a specific amount
Tags
CCSS.L.2.4E
CCSS.L.3.4D
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
4.
MATCH QUESTION
15 mins • 1 pt
Match the following to its definition.
Debit Card
Payments made using security features on the internet
Credit Card
Payments for goods or services
Electronic Payment
Card linked to your checking account so you can withdraw money or make purchases
Budget
A monthly or yearly spending and saving plan for an individual or family
Expense
A card that can be used to borrow money from a bank or a store
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
5.
MATCH QUESTION
15 mins • 1 pt
Match the following descriptions to the term that best applies.
Financial Records
Small table to track deposits and withdrawals and tell you your current balance
Balanced Budget
When
Income=Expense
Transaction
Formal record of transactions made by a person or business
Register
Help fund social security and medicaare
Payroll Taxes
Specific time or instance when money changes hands
Tags
CCSS.7.NS.A.1A
6.
MATCH QUESTION
15 mins • 1 pt
Match the following
Gross Income
Net Income +Taxes/Deductions=
Taxes/Deductions
Helps fund roads, bridges, public libraries, parks and schools
Income Tax
Help fund road construction,
maintenance and police/firefighters salaries
Sales Tax
Gross Income-Net Income=
Property Taxes
Helps funds education and technology
Tags
CCSS.7.NS.A.1D
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Gross Income - Taxes/Deductions=
Net Income
Gross Income
Taxes/Deductions
Tags
CCSS.7.RP.A.3
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