NEW
Font size
WorksheetsFinancial Literacy Quiz
Total questions: 20
Worksheet time: 1hrs 27mins
Which of the following is an advantage of using a credit card?
Interest is charged for the use of a credit card.
Consumers can purchase things now, and pay for them later in the event of an emergency.
You could be a victim of identity theft.
Alyssa has her first job at the local bakery. After working for one week, she received her first paycheck. The total amount of money she is able to put in the bank is $75.62. What type of income does this amount describe?
Gross Income
Net Income
The amount of money a person makes after taxes and other deductions are taken out.
Gross Income
Net Income
Colin worked for 20 hours this week and he gets paid $10 per hour. What is Colin's GROSS Income?
$30
$20
$300
$200
Which of the following is an advantage of using a credit card?
Interest is charged for the use of a credit card.
Consumers can purchase things now, and pay for them later in the event of an emergency.
You could be a victim of identity theft.
Leon listed some expenses from last month on this table. Which of the following is a fixed expense?
Gifts for friends
Sodas
Car payment
Sports tickets
Arturo earned $100 last month from his afternoon babysitting job. The table shows Arturo’s budget. Which is a true statement about Arturo’s budget?
Arturo’s budget is not balanced because his expenses exceed his income.
Arturo will have a surplus because he plans to spend less than he earned.
Arturo’s budget is not balanced because he will spend all of his money.
Arturo’s budget is balanced because his expenses equal his income.
Elizabeth earns $12 per hour and works 40 hours a week. From her paycheck, she pays $61 in total taxes. Of her total taxes, $33 are payroll taxes.
Which term best describes the remaining tax that is deducted from her paycheck?
Sales Tax
Income Tax
Property Tax
Hotel Tax
