Financial Literacy PT 1 QUIZ

What is subtracted out of a paycheck?

• Additions

• Deductions

• Bonuses

• Allowances

Which type of deduction is chosen by the worker?

• Involuntary

• Mandatory

• Voluntary

• Compulsory

What document provides details about your earnings?

• Invoice

• Receipt

• Paystub

• Ledger

What is a way to keep money longer?

• Spend

• Save

• Borrow

• Invest

What is a way to put your money to work earning more?

• Save

• Spend

• Invest

• Donate

What is the term for pay that you earn before deductions?

• Net Pay

• Gross Pay

• Salary

• Wage

What do you need to have in order to earn money?

• Vacation

• Job

• Hobby

• Loan

Which type of deduction is not chosen by the worker?

• Voluntary

• Optional

• Involuntary

• Selective

What is the term for the amount earned per year?

• Wage

• Salary

• Bonus

• Commission

What is used to calculate or prioritize spending?

• Budget

• Ledger

• Invoice

• Receipt