Math - financial literacy

When you pay taxes at a store, what kind of tax is it?

• sales tax

• property tax

• income tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

When you pay taxes on a home or land that you own, what kind of tax is it?

• sales tax

• property tax

• income tax

Tags

CCSS.7.RP.A.3

When you pay taxes on the money you earn, what kind of tax is it?

• sales tax

• property tax

• income tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The amount you earn before taxes and other deductions is called -

• gross income

• net income

Tags

CCSS.7.RP.A.3

The amount you take home after taxes and other deductions is called -

• gross income

• net income

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

When you make a plan for your money, it is called -

• a budget

• gross income

• net income

• property tax

Tags

CCSS.7.NS.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3

In a balanced budget -

• your income matches your expenses

• your income is greater than your expenses

• your expenses are greater than your income

• you can forget about saving money

Mark the items that are considered "debt"

• car loans you have to repay

• credit card charges

• money you earn

• money you save

Tags

CCSS.6.NS.C.5

When you take money to the bank and put it into your account, you are making -

• a withdrawl

• a deposit

• a loan

• a debt

When you go to the bank and take money out of your account, you are making -

• a withdrawl

• a deposit

• a loan

• a debt