Budget Vocabulary Quiz #2
Authored by Brenda Ellis
Financial Education
6th - 8th Grade
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document that summarizes an employee's deductions and taxes is
Gross Pay
Net Pay
Pay Stub
Income Tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The sum of all cash payments made by the government to provide goods & services.
Government Spending
Net Pay
Pay Stub
Gross Pay
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax levied by a government directly on income?
Expenses
Income Tax
Income
Government Spending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money left over after subtracting spending & other obligations.
Bills
Gross Pay
Pay Stub
Savings
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total amount of money an employer gives to an employee or contractor after deductions.
Gross Pay
Net Pay
Pay Stub
Expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an estimate of income and expenditure for a set period of time?
Income
Needs
Budget
Wants
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are things that people have a desire to possess or do?
Wants
Bills
Income
Expenses
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