WorksheetsFinancial litracy
Total questions: 20
Worksheet time: 11mins
Mrs. Allen took home $1,245 after taxes. What is this considered?
net income
gross income
deposits
income tax
Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her -
net income
gross income
deposits
income tax
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 -
income tax
credit
sales tax
property tax
Mrs. Allen paid $3,678 every year as a tax on her house. This is considered a -
sales tax
income tax
property tax
home tax
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.
debited
credited
deposited
taxed
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 -
credit
deposit
withdrawal
debit
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.
deposit
withdrawal
debit
deduction
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.
deposit
withdrawal
debit
deduction
Mrs. Fanning was able to pay all of her bills with the money she was earning. This means she had a -
balanced budget
net income
gross income
property bill
Mrs. Allen had to pay the government $234 from her paycheck. She paid -
income tax
sales tax
payroll tax
property tax
An amount available or owed on an account.
Accounts
Balance
Budget
Cash
Deciding how to spend your money before you actually spend it.
Account
Balance
Budget
Cash
The physical form of money, such as coins or paper money.
Balance
Budget
Cash
Copay
A bank account that allows quick access to money for everyday expenses.
Checking Account
Savings Account
Debit Card
Credit Card
The time it takes for money to move from one account to another (e.g. from checking to cash, or from one checking account to another).
Overhauling
Over ride
Clearing
Balance out
When is interest paid?
When the company you have bought stock in has earned you a profit
When you borrow money from a lender and they charge you for the convenience of giving you a line of credit
When you put money into your savings
When you over withdrawal in your bank account and you are charged a fee
