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Worksheets

Personal Finance Terms

Total questions: 12

Worksheet time: 8mins

Name
Class
Date
1.

Jeliena's boss handed her a $500 check for a week of work.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

2.

Luis buys a soda for $1 with the cash in his pocket.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

3.

Steve owns 5 shares of Apple stock.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

4.

Yannibel took out a loan to pay for her first semester of college.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

5.

Brian just got a gift card from his grandparents worth $100.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

6.

Miah used her debit card to buy $40 jeans at The Gap.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

7.

Joselin has a gold necklace she keeps at home in a nice box.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

8.

Janio swipes his credit card to buy groceries for his family.


This is an example of (there might be more than one answer)

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

9.

In one month, Ryan earned $800 in revenue but paid $700 in expenses. What is his net income?

a)

-$100

b)

$100

c)

-$1500

d)

$1500

10.

In one month, Emely earned $1000 in revenue but paid $1400 in expenses. What is her net income?

a)

-$400

b)

$400

c)

-$2400

d)

$2400

11.

Marielvis owns $500 of assets and $200 in liabilities. What is her net worth?

a)

-$700

b)

-$300

c)

$300

d)

$700

12.

Ronell owns $3200 of assets and $4100 in liabilities. What is his net worth?

a)

-$7300

b)

-$900

c)

$900

d)

$7300