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Financial Literacy

Total questions: 12

Worksheet time: 7mins

Name
Class
Date
1.

What is the name of the document that comes with your paycheck and shows you what you were paid and how much was taken for taxes?

a)

Paystub

b)

Payline

c)

Pay Report

d)

Pay Sheet

2.

Which of the following would you budget for in "Utilities"?

a)

Your college savings fund

b)

Your electric and heating bills

c)

Your grocery budget

d)

Your car repairs

3.

Is "net pay" the money before or after taxes have been taken out?

a)

before

b)

after

4.

You will go into (a)   if you spend more money than you have.

5.

Which account do you deposit your paycheck into?

a)

Cash

b)

Checking

c)

Credit

6.

Which is an example of an expense that you budget for as "reserves"?

a)

Phone bill

b)

Rent

c)

Flat tire

d)

Groceries

7.

Deciding how to spend your money before you actually spend it.

a)

Balance

b)

Copay

c)

Checking account

d)

Budget

8.

What is it called when we move money from one account to another?

(a)  

9.

How much money should you put into your account?

(a)  

10.

Do you think you are a financial literacy pro now?

a)

Yes

b)

No

11.

What's the name of your favorite band?

a)

Plastic spaghetti

b)

Cardboard burritos

c)

Styrofoam burritos

d)

Wooden spoons

12.

How much money should you have saved for college?

a)

$20

b)

$2000

c)

$100

d)

$1000