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WorksheetsFinancial Literacy: 8th Grade
Total questions: 14
Worksheet time: 7mins
Name
Class
Date
1.
Managing your bills by determining how much money spend and how much money you earn is known as __________.
a)
Saving
b)
Budgeting
c)
Investing
d)
Spending
2.
On average most people will pay ________ of their toward taxes.
a)
11%
b)
21%
c)
31%
d)
41%
3.
Taxes help pay for things such as public education, parks, police, fire, EMS, postal service and libraries.
a)
True
b)
False
4.
If you do not pay your taxes you can go to jail.
a)
True
b)
False
5.
Typically your largest expense is ______.
a)
Car Payment
b)
Insurance
c)
Housing (Rent, Mortgage)
d)
Electric
6.
Life Insurance covers:
a)
Payment to beneficiaries if an insured person dies
b)
Provides money to pay for health care
c)
You are unable to work for six months and need help paying your expenses while you’re out of work
d)
Payment to insured person if his/her property is damaged or destroyed by an accident
7.
Hours worked, days a week worked, location of where you work are known as your __________.
a)
Job Outlook
b)
Working Conditions
c)
Nature of Work
8.
What your job responsibilities are on a day-to-day basis is known as ______.
a)
Job Outlook
b)
Working Conditions
c)
Nature of Work
9.
Which of these is not an example of a utility expense?
a)
Cable
b)
Water
c)
Electric
d)
Rent
10.
Which bank account is normally tied to your day to day spending and anytime you swipe a debit card the money is removed from that account?
a)
Checking
b)
Savings
11.
"A person who relies on the taxpayer for financial support"
a)
Dependent
b)
Beneficiary
12.
The most common pay period is which of the following?
a)
Weekly
b)
Bi-Weekly
c)
Monthly
d)
Yearly
13.
The point where supply and demand intersect is known as ______.
a)
Equality Point
b)
Equilibrium Point
c)
Best Profit
d)
Scarcity Point
14.
Approximately what is the difference in between gallon of oil in January 1994 and November 2014?
a)
$90
b)
$100
c)
$110
d)
$120
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