Financial Literacy

Amanda has to pay taxes on her annual salary and investments. Which type of tax is Kimberly paying? 

• Sales Tax
• Property Tax
• Payroll Tac
• Income Tax

Tags

CCSS.7.RP.A.3

Before Mrs. Jones received her paycheck fees were taken from her check for medicare, insurance, and social security. These are ___________________ from her paycheck.

• deductions

• taxes

• withdrawals

• debits

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

The type of income you receive that will change based on how much you work.

• Daily

• Salary

• Hourly

• Annual

To put money aside for future needs or wants.

• spending
• save
• borrow
• give

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Things that are essential like shelter and food.

• groceries
• things
• wants
• needs

Tags

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.1

CCSS.RL.5.2

CCSS.RL.6.1

Monthly grocery bill

• Fixed expense
• Variable expense

Tags

CCSS.3.OA.D.9

Frank's parents own their house. Which type of tax will Frank's parents pay annually?

• Property Tax
• Payroll Tax
• Income Tax
• Sales tax

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

Income tax is-

• Money your employer pays to you
• Money you earn and put into the bank
• Tax paid on the money you earn annually
• Money you pay to your employee

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

What is a disadvantage of using a credit card?

• It is easy to use.
• You can spend more than you have. 
• It can be used in emergencies.
• Banks sometimes give rewards on credit cards. 

Mary has a part-time job. She can pay her bills but does not typically have much money left over. She gets into a car accident and must pay $400 for her car to be fixed. She only has $150 in her bank account and $24 in cash. How should she pay to fix her car?

• Check
• Cash
• Credit Card
• Debit Card

Tags

CCSS.3.OA.D.8