
Financial Literacy Quiz
Authored by David Ahlbin
History
10th Grade
Used 5+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Withholdings and deductions are . . .
Examples of deficit spending
Expenses that are taken out of your paycheck
Categories of a good budget
Money that the government gives back to you
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The tax on the purchase of goods or services is called _______________.
Consumption tax
Purchase tax
Income tax
Goods and services tax
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The money you earn hourly for your time and effort at work is called your _______________.
Wages
Salary
Minimum wage
Income tax
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the Form W-4 Estimate?
A. How much tax you'll owe based on your personal situation.
B. How much income you should be making.
C. How much money you'll spend in that fiscal year.
D. How many tax returns you need to submit.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Every American who earns an income must file a __________ each year.
Tax deduction
Paycheck
Tax extension
Federal tax return
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When you make _________ money, you will pay _________ in taxes.
More; more
More; less
Less; more
More; the same amount
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If you work and earn money, you will have to pay taxes.
True
False
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?