WorksheetsEconomics Final
Total questions: 20
Worksheet time: 40mins
Name
Class
Date
1.
Taxes paid based on the value of your personal property
a)
property tax
b)
income tax
c)
sales tax
d)
payroll tax
2.
Taxes paid by the employee based off their earnings from a job.
a)
Property tax
b)
Income tax
c)
Payroll tax
d)
Sales tax
3.
Taxes that you pay on items you buy.
a)
Property tax
b)
Income tax
c)
Payroll tax
d)
Sales tax
4.
Money that is taken away from a person's gross income
a)
Property tax
b)
Income tax
c)
Payroll tax
d)
Sales tax
5.
Taxes on things like gas, food, and clothes
a)
Property tax
b)
Income tax
c)
Payroll tax
d)
Sales tax
6.
Determined by how much land a person owns
a)
Property tax
b)
Income tax
c)
Payroll tax
d)
Sales tax
7.
Taxes have been around for thousands of years
a)
True
b)
False
8.
Which answer choice does not represent an advantage to using credit cards over other forms of payment?
a)
payments made abroad with credit card
b)
emergency contact number for lost card
c)
interest due on outstanding balance
9.
You can purchase an item now and pay later.
a)
debit card
b)
credit card
c)
both
10.
Interest is usually charged if the total balance is not paid off each month.
a)
Credit card
b)
Debit card
c)
Both
11.
If the card is lost or stolen report it immediately
a)
credit card
b)
debit card
c)
both
12.
“I had to pay an extra $80 for this television because I didn’t pay my entire bill right away.”
a)
both
b)
credit card
c)
debit card
13.
What is an insurance premium?
a)
the value of something lost or damaged
b)
the highest payout available by an insurer
c)
the amount paid for an insurance policy
14.
Purchase is withdrawn directly from a checking or savings account.
a)
credit card
b)
debit card
c)
both
15.
The basic purpose of insurance is to provide
a)
prevention.
b)
protection.
c)
liability.
16.
Who pays a deductible?
a)
the insurance provider
b)
the company you work for.
c)
the person who has the insurance policy.
17.
Which type of insurance will pay a portion of your income while you can't work because you are sick or injured?
a)
car insurance
b)
disability insurance
c)
life insurance
18.
Which type of insurance is typically the most expensive to have?
a)
renter's
b)
health
c)
disability
19.
Car and home insurance are required by law.
a)
True
b)
False
20.
Insurance reduces your financial risk if something were to happen to you, your house, or your car.
a)
True
b)
False
100 %
