Financial literacy 5th grade

A portion of the value of items.  This can be charged on items like: cars, houses, boats, or land. (a)  

• Income Tax
• Sales Tax
• Payroll Tax
• Property Tax

Tags

CCSS.7.RP.A.3

The total tax an employer withholds to pay to the government. (a)  

• Property Tax
• Sales Tax
• Income Tax
• Payroll Tax

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

Kathy received a paycheck for $685 after taxes and deductions. What type of income did she receive? (a)  

• Net income
• Gross income
• Payroll income
• None of the above

What statement defines gross income?

• Gross income is the amount of income after taxes are paid.
• Gross income is the amount of taxes paid.
• Gross income is the amount of income before taxes are paid
• Gross income is the amount of income of buying goods and services

Money paid to federal and/or state governments based on an individual's income as required by law (a)  

• property tax
• income tax
• payroll tax
• sales tax

Tags

CCSS.7.RP.A.3

The total amount of personal income before taxes and deductions (a)  

• Gross Income
• budget
• register
• transaction

The amount of money collected by a store in addition to a good or service (a)  

• debit card
• net income
• property tax
• sales tax

Tags

CCSS.6.RP.A.3B

The income that remains after taxes and deductions (a)  

• Net income
• Credit card
• check
• expense

The amount of money collected on the value of a property for local government (a)  

• Money
• Debit Card
• property tax
• Checking account

Tags

CCSS.6.RP.A.3B

Card that can be used to borrow money from a bank or store (a)  

• Credit card
• financial records
• loan
• none of the above