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Social Studies

7th Grade

Used 4+ times

Personal Finance
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is added to the price of anything you purchase?

Tax

a rounded up donation

A fee for shopping in a specific store

everyone rounds up to an even dollar amount

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you write a check, you are ________________ money ___________ your account.

taking/out of

adding/into

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you borrow money to pay for a car, why would you end up paying extra money in the long run?

You'll have to pay interest on the loan.

The car dealerships are thieves.

The dealership collects extra money for any car repairs in your future.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call the TOTAL amount of money earned per paycheck?

Gross Income

Net Income

Pretend Income

Taxable Income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do you call the amount of money you receive in your paycheck after all expenses like taxes, social security, and health insurance are taken out?

Net Income

Gross Income

Pretend Income

Taxable Income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the 50-20-30 plan?

50% needs

20% savings

30% wants

50% savings

20% wants

30% needs

50% wants

20% needs

30% savings

50% savings

20% needs

30% wants

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the following? Candy, new shoes, video game, movie tickets

Wants

needs

requirements

wasted money

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