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WorksheetsFinancial Literacy
Total questions: 16
Worksheet time: 18mins
Name
Class
Date
1.
Something that you pay is called....
a)
income
b)
an expense
c)
a profit
d)
savings
2.
Money that you make is called...
a)
income
b)
variable expense
c)
propery taxes
d)
fixed expense
3.
Sawyer is selling bracelets. She pays $2.00 for the beads and $2.50 for the string. She sells 10 bracelets for $1.00 each. How much are her expenses?
a)
$2.00
b)
$2.50
c)
$4.50
d)
$5.50
4.
Will spends $8.00 on what he needs to make hot dogs. If he sells 20 hot dogs for $1.00 each, how much is his profit?
a)
$20.00
b)
$12.00
c)
$10.00
d)
$11.00
5.
When you take the amount of money earned and subtract your expenses you are finding the...
a)
fixed income
b)
profit
c)
savings
d)
taxes
6.
Scout earned $280.00 mowing lawns. Her profit was $250.00. How much were her expenses?
a)
$50.00
b)
$530.00
c)
$30.00
d)
$40.00
7.
Shanelle earned $40.00 selling lemonade. Her profit was $32.00. How much were her expenses?
a)
$74.00
b)
$34.00
c)
$8.00
d)
$6.00
8.
Each month I pay around $40 for gas, but it depends on how much I travel and what the gas prices are. This is an example of a...
a)
variable income
b)
savings account
c)
fixed expense
d)
variable expense
9.
When you take the amount of money earned and subtract your expenses you are finding the...
a)
fixed income
b)
profit
c)
savings
d)
taxes
10.
Scout earned $75.00 selling cupcakes. If her profit was $63.50, How much were her expenses?
a)
$12.00
b)
$12.50
c)
$11.50
d)
$13.50
11.
Which of the following is NOT something a financial institution can do?
a)
Keep your money safe
b)
Provide a small percent of interest for your savings account
c)
Tell you how you have to spend your money
d)
Loan money to be repaid with interest
12.
Noah keeps track of his checking account balance by writing down all his purchases and deposits. The list below shows his transactions for a week.
- June 3rd, used debit card at coffee shop, $5.85
- June 4th, deposit of $20.00
- June 6th, used debit card for movie tickets, $9.75
- June 6th, used debit card for popcorn and snacks, $10.50
- June 8th, deposit, $115.34
What is the difference between the amount of money Noah spent and the amount of money Noah deposited?
- June 3rd, used debit card at coffee shop, $5.85
- June 4th, deposit of $20.00
- June 6th, used debit card for movie tickets, $9.75
- June 6th, used debit card for popcorn and snacks, $10.50
- June 8th, deposit, $115.34
What is the difference between the amount of money Noah spent and the amount of money Noah deposited?
a)
$109.24
b)
$203.34
c)
$150.24
d)
$254.05
13.
Which situation shows a financially responsible citizen?
a)
Purchasing an expensive automobile you CANNOT afford.
b)
Only buying items that you CAN afford
c)
Throwing money out the window.
d)
Hiding your money under your mattress.
14.
What is the current amount of money in an account?
a)
Certificate of deposit (CD)
b)
Loan
c)
Transaction
d)
Balance
15.
Terry has $59.04 in savings account. Then she deposits $15 and earns $0.59 in interest. How much is in her account now?
a)
$74.04
b)
$74.63
c)
$59.63
16.
Clark saved $1.50 of his $10 allowance. The he spent $4.39 at Taco! Taco! and $2.67 on a notebook. If he shared the rest, how much did he share?
a)
$1.44
b)
$1.94
c)
$2.44
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