Financial Literacy Test

Quiz
•
Mathematics
•
5th Grade
•
Hard
Standards-aligned
AILEEN MAHON
Used 1+ times
FREE Resource
28 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cedric earned $720 this week. His federal income taxes were $82.75. His pay after taxes was $599.47. How much did he pay in state income tax if he paid only federal and state income taxes?
$25.95
$37.78
$637.25
$682.22
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Felicia is buying a new MP3 player, which costs $55 plus tax. Felicia gives the cashier $100 and receives $41.70 in change. How much sales tax does Felicia pay on her purchase?
$55
$3.30
$60
$58.30
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cheryl's September budget is not balanced. By how much must she decrease her expenses to balance her budget?
$103
$52
$48
$40
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Talia's gross monthly income is $2,300. Her total monthly payroll taxes are $345. What is Talia's net monthly income?
$1,955
$300
$400
$2,645
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mrs. Runkle pays a tax every year because she owns a house. Which term best describes this tax?
Income tax
Property tax
Payroll tax
Sales tax
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This month Kim's expenses are greater than her budget. What are two actions Kim can take in order to balance her budget?
Increase expenses and decrease income
Decrease expenses and decrease income
Decrease expenses and increase income
Increase expenses and increase income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which expression can be used to find the amount of money Nikil has in available funds after he goes roller skating?
$95 – $9.45
$85.55 – $20
$95 – $20
$85.55 – $9.45
Create a free account and access millions of resources
Similar Resources on Wayground
30 questions
BASICS REVIEW

Quiz
•
5th Grade - University
23 questions
SOL 8.4 Test Review

Quiz
•
5th - 8th Grade
24 questions
reading a graph

Quiz
•
5th Grade
25 questions
Money Terms

Quiz
•
3rd - 6th Grade
24 questions
PFL Vocabulary Review

Quiz
•
5th Grade
26 questions
Math STAAR Practice 1

Quiz
•
5th Grade
23 questions
Financial Literacy

Quiz
•
5th Grade
25 questions
Financial literacy review

Quiz
•
5th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade