Financial Literacy Quizs - 2025

Earnings Statement

• A document that shows an employee's gross pay, deductions, and net pay for a specific pay period.

• A summary of a company's financial performance over a fiscal year.

• A report detailing an employee's performance reviews and feedback.

• A record of an employee's attendance and leave taken during a pay period.

Gross Pay

• The total amount of money earned before any deductions are taken out.

• The amount of money received after taxes and deductions.

• The total earnings from investments and savings.

• The salary amount agreed upon in a contract.

Pay Raise

• An increase in the amount of money an employee earns.

• A decrease in the amount of money an employee earns.

• A bonus given to employees for good performance.

• A one-time payment for overtime work.

Financial Goals

• Specific objectives to be achieved through financial planning and management.

• General ideas about spending money.

• Vague aspirations for future wealth.

• Unrelated to financial planning.

Net Monthly Income (NMI)

• The total earnings before any deductions.

• The amount of money one earns in a month after all deductions.

• The amount spent on monthly expenses.

• The savings accumulated over a year.

Values

• Principles or standards of behavior; one's judgment of what is important in life.

• A set of rules that govern a society's laws.

• The amount of money that something is worth.

• A collection of beliefs held by a group of people.

Credit Card

• A card issued by a financial company giving the holder an option to borrow funds, usually at the point of sale.

• A type of debit card that allows users to spend money they do not have in their bank account.

• A card that provides rewards points for every purchase made with it.

• A card used exclusively for online shopping transactions.

Financial Decision Making

• The process of making choices regarding ways to allocate financial resources.

• A method for predicting stock market trends.

• A strategy for minimizing personal expenses.

• A technique for maximizing credit card rewards.

Budget

• A plan for saving money

• An estimate of income and expenditure for a set period of time.

• A record of past expenses

• A method for investing funds

W-4 Form

• A form used by employees to indicate their tax situation to their employer.

• A document for applying for a driver's license.

• A form for reporting income to the IRS.

• A request for time off from work.