Personal Finance test

Personal Finance test

10th Grade

73 Qs

quiz-placeholder

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Personal Finance test

Personal Finance test

Assessment

Quiz

Other

10th Grade

Easy

Created by

Kinley Seel

Used 13+ times

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73 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you build credit?

Get a dog

Get a credit card

Get a debit card

you don't

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

7 types of taxes Americans pay

Sales tax, income tax, property tax

Estate tax, payroll tax, excise tax, gift tax

Property tax, pet tax, dinner tax

Estate tax, gas tax, clothes tax, work tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4 ways a business can net a lower profit to pay fewer taxes

Spend more on ads, hire more workers, invest by adding inventory, pay training side bonus

Hire more workers, charge more labor, increase taxes, more 401K

Add inventory, spend less, drop wages, less work days

Spend more on ads, build more credit, more work days, make more revenue

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What types of mutual funds are their

Money

Stocks

Land

Bonds

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does putting money in a bank benefit you

Pay after the withholding's have been subtracted

Safer, gives you interest, money is insured by FDIC

Shows income and withholding's for the year used to file fed and state taxes

Money owed or due for a product or service that is already purchased

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a savings account?

Money you wont withdraw from frequently

Its like a wallet you can access daily

b

a

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are dependents

Stocks and bonds

Person who relies on tax paper for income like a minor child

Money you won't withdraw from frequently

Total amount of income to the business like from sales

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