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Worksheets

Personal Finances

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What does barter mean?

a)

denominations

b)

trade

c)

money

d)

exchange

2.

What does denomination mean?

a)

face value of money

b)

money

c)

religion

d)

counting

3.

What is the Federal Reserve responsible for?

a)

saving money

b)

taking tax payers money

c)

creating and tracking all of the money in the U.S.

d)

removing moving

4.

Which denomination of money does not exist?

a)

$2 dollar bill

b)

$5 dollar bill

c)

$500 dollar bill

d)

$1000 dollar bill

5.

What are the two main parts of a budget?

a)

the list and the spending

b)

income and expenses

c)

savings and lending

d)

borrowing and spending

6.

What type of taxes are taken automatically from your salary?

a)

Health insurance

b)

Car insurance

c)

income tax

d)

state tax

7.

What government agency do we report income taxes to?

a)

Homeland security

b)

FBI

c)

White House

d)

Internal Revenue Service

8.

Define budget.

a)

How much you spend

b)

How much you earn

c)

a plan for spending and saving money

d)

grocery list

9.

How do you determine your monthly income?

a)

Subtract your bills from your annual salary

b)

Divide your annual salary by 12

c)

Add all your expenses and savings

d)

Divide your salary by 6

10.

How much of you salary should you save per month?

a)

20% of your salary

b)

15% of your salary

c)

10% of your pay check

d)

Halk of your check