Unit 6 Test - Managing Personal Finances

Unit 6 Test - Managing Personal Finances

9th - 12th Grade

12 Qs

quiz-placeholder

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Unit 6 Test - Managing Personal Finances

Unit 6 Test - Managing Personal Finances

Assessment

Quiz

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9th - 12th Grade

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Created by

Jessica MFHS

Used 2+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is Gross Pay?

amount paid to the worker AFTER deductions

the total amount earned for work

amount that is NOT included in the paycheck, gets sent to IRS

2.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is Net Pay?

amount paid to the worker AFTER deductions

the total amount earned for work

amount that is NOT included in the paycheck, gets sent to IRS

3.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is Budget?

a fixed payment that is paid for a service

a partial refund that is paid back to the consumer

an estimate of income and expenses for a period of time

4.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is a savings account for?

money that you will need daily access to

money that you do NOT spend frequently

5.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is a CD?
a disk you play music off of
a special savings account that you won't touch for a specific amount of time
a checking account

6.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is principal?
a person who runs the school
a type of plant
the starting amount of $$

7.

MULTIPLE CHOICE QUESTION

30 sec • 8 pts

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What is interest?
$$ the bank pays you for letting them keep your money
the state of wanting to know something
curiosity

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