Understanding Personal Finance Basics
7th Grade
•15 Qs
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Understanding Personal Finance Basics
Quiz
•
Financial Education
•
7th Grade
•
Practice Problem
•
Medium
Standards-aligned
Tessie Dyresen
Used 31+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Gross Pay?
The amount of money you take home after all deductions.
The total amount of money earned before any deductions.
The amount of money left after paying all expenses.
The amount of money saved each month.
Tags
DOK Level 1: Recall
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$2500
$3000
$3500
$500
Tags
DOK Level 2: Skill/Concept
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a Fixed Expense?
Groceries
Rent
Entertainment
Clothing
Tags
DOK Level 1: Recall
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the Need from the following options:
New smartphone
Monthly rent
Movie tickets
Designer clothes
Tags
DOK Level 1: Recall
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered a Want?
Water bill
Electricity bill
Dining out
Mortgage payment
Tags
DOK Level 1: Recall
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$1000
$3000
$4000
$500
Tags
DOK Level 2: Skill/Concept
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate Net Pay?
Gross Pay + Deductions
Gross Pay - Deductions
Gross Pay x Deductions
Gross Pay / Deductions
Tags
DOK Level 1: Recall
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