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WorksheetsFinancial Literacy Part 1
Total questions: 18
Worksheet time: 20mins
Tap into your savings on a regular basis
What government agency insures your money in a savings account?
FBI
CIA
FDIC
The President
True or False
Creating a savings account is free
True
False
Choose TWO things that a savings account can be used for.
Emergency visit to the doctor
ATM
Making a withdrawal often
Vacation
This type of bank offers services to the general public and to companies.
(Bank of America, Well Fargo etc.)
Investment bank
Credit union
Thrift bank
Commercial bank
A non-profit financial institution that's owned by the people who use its financial products; free; usually through an employer.
Thrift bank
Commercial bank
Credit union
Investment bank
A portion of one’s personal income paid to a government including the federal and state.
Income
Gross Pay
Net Pay
Income tax
Is the total amount you earn before any deductions are subtracted.
Net Pay
Gross Pay
Income
Taxes
Net Pay
Gross Pay
Income
Taxes
A fixed hourly rate earned by employees
Income
Net Pay
Wage
Gross Pay
FICA
State
Federal
401K
True
False
Tara’s deductions add up to $112 a week. If her net pay is $425 a week, what is her gross pay?
$112.00
$313.00
$425.00
$537.00
If you worked 40 hours per week at $10 per hour, what is your gross income for the week?
$227
$4000
$40
$400
What's a check stub?
What you give to the bank to deposit.
The part of a paycheck that lists deductions from your salary
It's an envelope.
Money taken out of paycheck
statement of earnings
withholding
income
direct deposit
What two forms must you fill out when you start a new job?
I-7 and W-12
I-9 and W-4
I-4 and W-9
I-2 and W-8
