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WorksheetsPersonal Finance
Total questions: 10
Worksheet time: 5mins
Which of these are considered an income?
Borrowing money from a friend
Receiving money from performing a task
Putting money into a bank
Buying items from a store
John sells 20 cups of lemonade for $5, but it cost him $2 to make each cup. What will John's income be?
$20
$30
$40
$100
What is a Loan?
Stealing money from your parents
Depositing money into a bank account
Borrowing money from a bank or friend with the intent to return it
Taking out money from a bank accout
Why would you take out a loan?
To help finance a big purchase
You don't have enough money
To start a business
All of the Above
What is an asset
Money that is considered as an economic advantage
A loan
Items that decrease in value over time
I don't know
What is the opposite of an asset?
Food
Liabilities/Money Owed
Money earned
An asset
What is Tax?
Random money that is added to your total cost
Money that is given to you for free
A required payment to the government
The IRS
What are different types of Tax?
Sales Tax
Income Tax
Property Tax
All of the Above
What is Insurance?
Animals that give you money
Money provided from a company incase of a loss or injury
Gieco
Aflac
What type of insurance would you need if you crash your car?
Car insurance
Life insurance
Home insurance
Medical insurance
