Financial Literacy Quiz

Susanne bought a rug for her home. Which tax did she pay as part of the total cost for the rug?

• Income Tax

• Payroll Tax

• Property Tax

• Sales Tax

Which of these is NOT an example of a property tax?

• Tax paid on the value of a farm a person owns

• Tax paid on the value of a piece of land a person owns

• Tax paid on the value of a piece of furniture a person owns

• Tax paid on the value of a home a person owns

Tax that includes Social Security and Medicare taxes and is paid by an employer

• Payroll Tax

• Property Tax

• Sales Tax

• Gasoline Tax

Which change can Penelope make to balance her budget for the month of May?

• Increase her savings budget by $20

• Decrease her entertainment budget by $20

• Increase her food budget by $10

• Decrease her clothing budget by $10

Tags

CCSS.6.NS.B.3

What can he do so that his budget is balanced?

• Increase his savings this month by $10

• Increase his allowance by $5

• Decrease his piano lessons by $5

• Decrease his entertainment cost by $10

Tags

CCSS.7.EE.B.3

Which type of tax is typically added to the purchase of a new car?

• Income Tax

• Sales Tax

• Payroll Tax

• Property Tax