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Money, Banks, Taxes, and Time

Total questions: 27

Worksheet time: 1hrs 12mins

Name
Class
Date
1.
What is the value of these coins?
a)
46¢
b)
41¢
c)
36¢
d)
 26¢
2.
What is the value of these coins?
a)
31¢
b)
27¢
c)
75¢
d)
37¢
3.
a)

$1.62

b)

$0.62

c)

$2.62

d)

$2.82

4.
a)
$1.85
b)
$1.80
c)
$2.35
d)
$1.60
5.

Aziz bought a science kit for $1.78. He paid using two $1 bills. How much will he receive in change?

a)

$2.78

b)

$0.22

c)

$1.22

d)

$0.32

6.

Lyla got a new unicorn journal at the store. It cost her $3.65. She paid with a $5 bill. How much change will she get?

a)

$1.35

b)

$2.65

c)

$8.65

d)

$2.35

7.
Income is...
a)
money a business makes 
b)
money made from doing a job
c)
money spent on capital resources
8.
When someone pays for something they are doing what with their money?
a)
spending
b)
saving
c)
earning
9.

What does deposit mean?

a)

remove

b)

take away

c)

put into

d)

spilled

10.

The amount of money that you have in your bank account is known as a ...

a)

deposit

b)

balance

c)

withdrawal

11.

The act of taking money out of a bank account is known as a ...

a)

deposit

b)

expenses

c)

withdrawal

12.

Amount of money spent on items needed is called an ...

a)

expenses

b)

variable expense

c)

profit

13.
Amanda has to pay taxes on her annual salary and investments. Which type of tax is Kimberly paying? 
a)
Sales Tax
b)
Property Tax
c)
Payroll Tac
d)
Income Tax
14.
Jonathan's new clothes cost a total of $572.50 before tax. What type of tax does Jonathan have to pay for his new clothes?
a)
Income Tax
b)
Property Tax
c)
Payroll Tax
d)
Sales Tax
15.

If you make $7.00 a week for 6 weeks, how much money will you have.

a)

$71.00

b)

$17.00

c)

$42.00

d)

$56.00

16.

What is a loan?

a)

A fee you have to pay

b)

Free money

c)

A plan for using money

d)

Something you borrow, usually money

17.
When you own a house, what type of tax do you pay on it?
a)
income tax
b)
sales tax
c)
property tax
d)
payroll tax
18.
What type of tax do you pay for Cheetos and soda?
a)
income tax
b)
sales tax
c)
property tax
d)
payroll tax
19.
Which type of tax do you pay once a year on any money you've earned?
a)
payroll tax
b)
income tax
c)
sales tax
d)
property tax
20.

How many hours in a day?

a)

12

b)

24

c)

48

d)

60

21.
How many minutes in an hour?
a)
60
b)
30
c)
100
22.
What time is shown on the clock?
a)
6:18
b)
4:30
c)
6:15
d)
3:30
23.

How many hours is it from 8:00 AM to 11:00 AM?

a)

3 hours

b)

4 hours

c)

5 hours

d)

6 hours

24.

What time does the clock show?

a)

2:50

b)

10:10

c)

10:02

d)

2:10

25.

The __________ hand tells us the hour.

a)

left

b)

right

c)

short

d)

long

26.

The __________ hand tells the minute.

a)

short

b)

long

c)

left

d)

right

27.

Is it 3:30 or 6:15?

a)

3:30

b)

6:15