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FM Quiz 2

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Mrs. Allen took home $1,245 after taxes. What is this considered?

a)

net income

b)

gross income

c)

deposits

d)

income tax

2.

Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her -

a)

net income

b)

gross income

c)

deposits

d)

income tax

3.

Mrs. Fanning bought a science kit at the store for $10. At the register, she was charged $10.85. The different between the price and what Mrs. Fanning paid is considered -

a)

income tax

b)

credit

c)

sales tax

d)

property tax

4.

Mrs. Allen paid $3,678 every year as a tax on her house. This is considered a -

a)

sales tax

b)

income tax

c)

property tax

d)

home tax

5.

Mrs. Allen paid $3,678 every year as a tax on her house. This is considered a -

a)

sales tax

b)

income tax

c)

property tax

d)

home tax

6.

Ms. Calandra went to the movies with her friend, Mrs. Fanning. She bought the tickets which totaled $16.50. Mrs. Calandra used her bank card to pay that money directly to the theater. The money was _______________ from her account.

a)

debited

b)

credited

c)

deposited

d)

taxed

7.

Mrs. Fanning wanted to buy a new refrigerator. A store would give her the money to buy the refrigerator, but she would need to pay the money back. This is called a -

a)

credit

b)

deposit

c)

withdrawal

d)

debit

8.

Ms. Guillory sold some of her son's old toys and earned $56. She went to the bank and added the money to her account. She made a _________________ to her account.

a)

deposit

b)

withdrawal

c)

debit

d)

deduction

9.

Ms. Calandra was going on a vacation. She took some money out of her account to pay for her trip. She made a _______________ from her bank account.

a)

deposit

b)

withdrawal

c)

debit

d)

deduction

10.

Mrs. Fanning was able to pay all of her bills with the money she was earning. This means she had a -

a)

balanced budget

b)

net income

c)

gross income

d)

property bill