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Vocab Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Public services such as electricity, water, and gas.

a)

Utilities

b)

Monthly Service Charge

c)

Fixed Expenses

d)

Annual Expenses

2.

Routine expenses, such as food, utilities, and clothing, that vary from month to month.

a)

Fixed Expenses

b)

Living Expenses

c)

Annual Expenses

d)

Bills

3.

Expenses which occur once a year, such as insurance premiums and real estate taxes.

a)

Fixed Expenses

b)

Living Expenses

c)

Annual Expenses

d)

Bills

4.

Base amount charged by a utility to its customers for use of its services.

a)

Utilities

b)

Bills

c)

Monthly Service Charge

d)

Living Expenses

5.

the exclusive possession or control of the supply of or trade in a commodity or service

a)

Hungry Hungry Hippos

b)

Charades

c)

Life

d)

Monopoly

6.

A tax charged by most states on the selling price of a good or service, usually expressed as a percent.

a)

Sales Tax

b)

Property Tax

c)

Sin Tax

d)

Market Value

7.

Taxes collect by the city or county from homeowners to pay for roads, parks, and other public services.

a)

Property Tax

b)

Sales Tax

c)

Market Value

d)

Sin Tax

8.

The price at which a house can be bought or sold.

a)

Property Tax

b)

Sales Tax

c)

Market Value

d)

Sin Tax

9.

A tax on items considered undesirable or harmful. There are federal rates and state rates for this. The are included in your purchase prices.

a)

Property Tax

b)

Sales Tax

c)

Market Value

d)

Sin Tax

10.

The dollar value assigned to property by a tax assessor for tax purposes.

a)

Assessed Value

b)

Rate of Assessment

c)

Market Value

d)

Property Tax