Financial Literacy Quiz
Authored by Kim Worsham
Business
12th Grade
Used 11+ times
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100 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If income exceeds expenses, which of the following is recommended?
Research investment and savings options
Decrease income sources
Increase income sources
Go on vacation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following equations calculates net pay?
Deductions + taxes paid = net pay
Withholdings + tax deductions = net pay
Gross pay - deductions = net pay
Deductions - gross pay = net pay
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are prepaid debit cards reloaded with employee wages?
Payroll cards
Direct cards
Monetary cards
Debit cards
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mandated deductions are NOT influenced by which of the following?
Age
Exemptions
Marital status
Income level
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the presentation, most sellers will only accept an offer from a buyer with which of the following?
The same real estate agent as the seller
An offer more than the asking price
An FHA or VA loan
A pre-approval letter
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT information included in a W-4 form?
Marital status
Number of dependents
Designated additional withholding amounts
Credit card debt
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Select all of the following which are NOT types of benefit forms provided by a company.
Retirement plans
Health insurance
Life insurance
Renters insurance
Social security
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