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WorksheetsFinancial Literacy Quiz
Total questions: 10
Worksheet time: 5mins
What are some of the different types of taxes that will be deducted from your paycheck. (Select all that apply)
Ad Valorem Tax
FICA
Federal income tax
State Income Tax
What factors can affect the APR of your credit card or a loan? (Select all answers that apply)
The balance on your loan or credit card
Your credit score
Your salary
The type of loan
What information should you include on your resume?
Birthdate
Social Security number
Work experience
References
If you have a credit card balance, the minimum payment is calculated to be 3% of the balance you owe. What should you pay every month for your credit card payment. (Select all that apply)
The minimum payment
Less than the minimum payment
At least an extra $20-25 on top of the minimum payment due
Double the minimum payment if possible
A credit rating or score is based on your credit payment history and other factors. Credit ratings are determined by the Big 3 credit reporting agencies. The names of the credit reporting agencies are (Check all that apply)
Equifax
Transfax
Transunion
Experian
Having a bad credit rating can have a negative impact on your ability to (Check all that apply)
Go to school
Get car insurance
Get a loan or credit card
Get an Uber
Rent an apartment
Leasing a car can be compared to (Check all that apply)
Buying a car
Owning a car
Renting a car
Borrowing a car
Gross pay is
the amount of money in your paycheck before taxes are taken out
the amount of money you want to make.
the amount of money in your paycheck after taxes are taken out.
the amount of money you make in a year
Net pay is
the amount of money you make in a year.
the amount of money before taxes are taken out of your paycheck.
the amount of money in your paycheck after taxes are taken out.
the amount of money you make in a month.
The term APR is
A debit card transaction fee.
An amount of money that is charged to borrow money based on a percentage rate
A rating or score of your credit worthiness.
A percentage of your earnings.
