Financial Vocabulary Day-1

Quiz

•

Mathematics, Computers, Other, English, Business

•

5th - 6th Grade

•

Medium

•

CCSS

RI.9-10.4, RI.3.10, RI.5.10

+31

Standards-aligned

Jelloji, Mani

Used 1+ times

FREE Resource

46 questions

Show all answers

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.L.11-12.6

CCSS.L.7.6

CCSS.RI.3.4

CCSS.W.4.2D

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.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

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.11-12.4C

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money you make before taxes...

Gross Income

Net Income

Disposable Income

Discretionary Income

Tags

CCSS.RI.11-12.4

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

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.L.11-12.6

CCSS.L.4.6

CCSS.L.6.6

CCSS.L.8.6

CCSS.W.11-12.2D

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.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.8.4

CCSS.RI.9-10.4

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.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

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