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Financial Vocabulary Day-1

Authored by Jelloji, Mani

Mathematics, Computers, Other, English, Business

5th - 6th Grade

CCSS covered

Used 1+ times

Financial Vocabulary Day-1
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46 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Leon earns $15 per hour. He worked 40 hours last week and earned $600. He received a paycheck of $475. What type of tax did he pay?

Payroll Tax
Income tax
Sales tax
Property tax

Tags

CCSS.W.6.2D

CCSS.L.6.6

CCSS.L.9-10.6

CCSS.RI.3.4

CCSS.W.7.2D

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Kathy received a paycheck for $685 after taxes and deductions. What type of income did she receive?

Net income
Gross income
Payroll income
None of the above

Tags

CCSS.L.3.4D

CCSS.L.9-10.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.6.4C

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What statement defines gross income?

Gross income is the amount of income after taxes are paid.
Gross income is the amount of taxes paid.
Gross income is the amount of income before taxes are paid
Gross income is the amount of income of buying goods and services

Tags

CCSS.L.3.4D

CCSS.L.9-10.4C

CCSS.L.8.4C

CCSS.L.6.4C

CCSS.L.11-12.4C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money you make before taxes...

Gross Income
Net Income
Disposable Income
Discretionary Income

Tags

CCSS.RI.9-10.4

CCSS.RI.3.10

CCSS.RI.7.4

CCSS.RI.11-12.4

CCSS.RI.4.10

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tax on earned income, paid by the employer out of an employee's paycheck. This tax is used for social security and medicare.

Government tax
Property tax
Payroll tax
Sales tax

Tags

CCSS.W.6.2D

CCSS.RI.4.4

CCSS.W.5.2D

CCSS.RI.3.4

CCSS.W.9-10.2D

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of income left after taxes and other deductions are taken out.

Gross Pay
Surplus
Deficit
Net Pay

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.7.4

CCSS.RI.11-12.4

CCSS.RI.4.10

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A place for you to keep money at a bank or credit union


account

credit card

debit card

check

Tags

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.11-12.4

CCSS.RI.5.10

CCSS.RI.6.4

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