WorksheetsFinancial Literacy Test
Total questions: 29
Worksheet time: 2hrs 42mins
Where do you sign the check?
2
5
6
4
I am writing a $40 check to Walmart for groceries. Where do I write Walmart on the check?
5
2
6
3
Where do I write the date on the check?
1
2
3
4
Which are on a blank check (check all that apply)
Signature line
Date
Your birth date
How much money you have in your account
The memo line
Kayla had a balance of $106.15 in her checking account. She deposited $75.00. What is her new balance?
(a)
Kayla had a balance of $106.15 in her checking account. She deposited $75.00. What is her new balance?
41.15
171.15
31.15
181.15
Willis had a balance of $546.24 in his checking account. He wrote a check for $100.35. What is his new balance?
645.63
445.89
646.59
446.85
A tool used to track checking account transactions is a
deposit slip
debit card
checkbook register
certified check
The 'memo' section is for your signature.
True
False
Some common _________ are taxes and retirement savings
deductions
gross income
net income
paychecks
the amount you earn before taxes is your
net income
hourly rate
take home pay
gross income
How much does she pay for federal income tax?
27.53
0
6.05
45.58
How much is their net pay?
458.80
360.41
11.47
98.39
How much is their gross pay?
1950
488.74
1002
501
Gross Pay minus deductions equals Net Pay
true
false
A ___ is any amount of money subtracted from your check.
taxes
disposable income
deduction
What does FICA stands for?
For Insurance Contributing Animals
Formal Initiative Costing Association
Federal Insurance Contributions Act
None of the above
Money paid to the government
Paystub
Current
Taxes
Net Pay
A 401(k) refers to:
Additional current income
Taxes
Insurance
A retirement plan
YTD stands for:
Year to Date
Year Tax Date
Yearly Tax Date
Your Total Deductions
Time worked beyond your regular hours
Wage
Overtime
Net Pay
Gross Pay
Michael works in a supermarket. He is paid $10.80 per hour.
Michael's overtime pay rate is "time and a half".
How much does he make per hour in overtime?
$10.80
$16.20
$7.20
Which deduction(s) are part of FICA?
Social Security
Medicare
Federal Income Tax
State Income Tax
