Financial Literacy Vocabulary 5th

Financial Literacy Vocabulary 5th

5th Grade

16 Qs

quiz-placeholder

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Financial Literacy Vocabulary 5th

Financial Literacy Vocabulary 5th

Assessment

Quiz

Mathematics

5th Grade

Medium

CCSS
RI.3.10, 7.RP.A.3, 6.RP.A.3D

+11

Standards-aligned

Created by

JESSICA ROSE

Used 5+ times

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16 questions

Show all answers

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.

Income

Amount of money collected by a store in addition to a good or service

Sales Tax

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

Payroll Tax

Income that remains after taxes and deductions

Net Income

Money earned or money received

Check

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.

Electronic Payment

Payments for goods or services

Credit Card

A card that can be used to borrow money from a bank or a store

Expense

Card linked to your checking account so you can withdraw money or make purchases

Debit Card

A monthly or yearly spending and saving plan for an individual or family

Budget

Payments made using security features on the internet

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.

Balanced Budget

Help fund social security and medicaare

Payroll Taxes

Small table to track deposits and withdrawals and tell you your current balance

Register

When

Income=Expense

Transaction

Formal record of transactions made by a person or business

Financial Records

Specific time or instance when money changes hands

Tags

CCSS.7.NS.A.1A

6.

MATCH QUESTION

15 mins • 1 pt

Match the following

Taxes/Deductions

Gross Income-Net Income=

Sales Tax

Net Income +Taxes/Deductions=

Gross Income

Helps funds education and technology

Income Tax

Help fund road construction,

maintenance and police/firefighters salaries

Property Taxes

Helps fund roads, bridges, public libraries, parks and schools

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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