
Unit 6 Test: Financial Literacy
Authored by Keilandra Scruggs
Financial Education
6th - 8th Grade
Used 7+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
Sarah earns $3,200 per month. She spends $1,200 on rent, $400 on groceries, $200 on utilities, and $300 on transportation. How much money does she have left for savings and other expenses?
$1,100
$1,400
$2,100
$900
2.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
If you budget $500 for entertainment and actually spend $650, what is the difference?
3.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
Your monthly income is $4,000, and your fixed expenses are $2,500. If you want to save 20% of your income, how much can you spend on discretionary expenses?
$800
$1,000
$1,200
$1,500
4.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
A person earns $50,000 annually and spends 30% of their income on housing. How much is spent on housing per year?
5.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
If your total expenses equal your total income, what is your budget status?
Variable
Balanced
6.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
What is the definition of a asset?
7.
MULTIPLE CHOICE QUESTION
30 sec โข 4 pts
What does net income refer to?
The amount you make before taxes
The total amount deposited into your account
Your income after taxes and deductions
Your employer's profit
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
24 questions
Fundamentos da Bolsa de Valores
Quiz
โข
8th Grade
26 questions
REC. AV2 - ED. FINANCEIRA 2B - 3ยบ TRIM
Quiz
โข
2nd Grade - University
27 questions
Jujutsu kaisen and gojo quiz
Quiz
โข
7th Grade - University
28 questions
Oferta e Demanda
Quiz
โข
8th Grade
30 questions
TERCER PARCIAL TALLER CONTABILIDAD SUPERIOR
Quiz
โข
7th Grade
20 questions
Banking Services Quiz
Quiz
โข
8th Grade
20 questions
REPASO - E.F. - 1ERO SEC.
Quiz
โข
7th Grade
20 questions
Everfi Future Smart Review
Quiz
โข
8th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
โข
3rd Grade
10 questions
Probability Practice
Quiz
โข
4th Grade
15 questions
Probability on Number LIne
Quiz
โข
4th Grade
20 questions
Equivalent Fractions
Quiz
โข
3rd Grade
25 questions
Multiplication Facts
Quiz
โข
5th Grade
22 questions
fractions
Quiz
โข
3rd Grade
6 questions
Appropriate Chromebook Usage
Lesson
โข
7th Grade
10 questions
Greek Bases tele and phon
Quiz
โข
6th - 8th Grade
Discover more resources for Financial Education
6 questions
Appropriate Chromebook Usage
Lesson
โข
7th Grade
10 questions
Greek Bases tele and phon
Quiz
โข
6th - 8th Grade
20 questions
Context Clues
Quiz
โข
6th Grade
20 questions
Figurative Language Review
Quiz
โข
6th Grade
20 questions
Writing Algebraic Expressions
Quiz
โข
6th Grade
15 questions
Making Inferences
Quiz
โข
7th - 12th Grade
20 questions
Ratios/Rates and Unit Rates
Quiz
โข
6th Grade
14 questions
Volume of rectangular prisms
Quiz
โข
7th Grade