Financial Literacy Quiz
Authored by Darian Scruggs
Mathematics
11th Grade
CCSS covered
Used 7+ times
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51 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The word money one gets to "take home" from a paycheck after taxes and deductions are taken out is known as what?
Gross pay
Federal income tax
Net pay
State income tax
Tags
CCSS.RF.3.3B
CCSS.RF.3.3C
CCSS.RF.3.3D
CCSS.RF.4.3A
CCSS.RF.5.3A
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the form employees use to determine how much tax to deduct from a paycheck?
W-2
W-4
1040
1099
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the form an employer provides to an employee to inform them of how much money was deducted from paychecks in a given year?
W-2
W-4
1040
1099
Tags
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.5
CCSS.RI.11-12.3
CCSS.RI.9-10.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements best describes gross pay?
Amount of money one receives from insurance after a loss or accident
Amount of money one receives before taxes or other deductions are taken out
Amount of money one receives from their job after taxes and other deductions are taken out
Amount of money one receives from investments and annuities
Tags
CCSS.6.NS.B.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not part of the escrow funds included in a mortgage loan?
Property taxes
Homeowner's insurance
Principal and interest
Private mortgage insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When selecting to open a bank account, which of the following is needed?
Social security number
Driver's license
Birth certificate
School transcript
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When one is seeking to purchase a product at a store, what additional cost must be paid in addition to the listed price of the product?
Sales tax
Income tax
Property tax
Estate tax
Tags
CCSS.6.RP.A.3B
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