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WorksheetsFinancial Literacy
Total questions: 10
Worksheet time: 5mins
When paying taxes in the U.S., the more money you make, ____________________.
the less taxes you pay
you don't have to pay
everyone pays the same amount
the more taxes you pay
One major problem with using credit cards is that people...
buy things they can't afford
lose them a lot
have to pay to use them
forget them
A ___________ is a plan for how you will spend your money.
cash journal
budget
paycheck
credit card
If you make $40,000 per year, how much is Uncle Sam going to take from you for taxes?
$200 (.5%)
$1000 (2.5%)
$10,000 (25%)
$20,000 (50%)
What is the most important reason to invest?
help other businesses
to have money to live on once retired
buy new car
to get rich quick
Which is NOT an example of an investment?
real estate
Brand new luxury car
stocks
mutual fund
What are the two main reasons to save money?
so you can invest and donate it
for emergencies and to buy everything you want
for emergencies and major purchases
to pay off credit cards and major purchases
Which item below would certainly depreciate if you owned it?
car
house
gold
all choice are correct
Health insurance is...
more important for women than men
only for sick people
an unnecessary expense you may not need
a must buy for your budget
Which of the following is a true statement about credit cards?
they are evil
You should have one and use it responsibly, building good credit
it's free money
if used, you will go into debt
