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WorksheetsPersonal Finance Review
Total questions: 55
Worksheet time: 3hrs 40mins
Aidan and Taylor are looking for jobs online. What websites can they use to search and apply for jobs?
2 answers are correct
Indeed.com
On the company's website
Gaming Websites
YouTube
Why is your appearance so important when going into a job?
2 answers are correct
Looking nice will give you confidence and how you are perceived by your co-workers will be good
It doesn't matter how you look..showing up with holes in my jeans is fine.
It is important to brush my teeth, take a shower, and look nice for a job because I know how to take care of myself.
I am going to show up to my job wearing my dirty tennis shoes.
Sean noticed a deduction from his paycheck. What is a deduction from your paycheck?
A multiplication problem
A division problem
Money that is taken out of your paycheck
Adding money to your paycheck
Sean received his first paycheck and noticed some amount was withheld. What is typically withheld from a paycheck for federal taxes?
State insurance contributions
Healthcare premiums
Retirement fund contributions
Income tax
Sean and Taylor are discussing what deduction money is used for. What are some of the uses they mention?
military
police
education
schools
teachers
Parks
Roads
Dog Food
Food bowls
Leashes
groceries
laundry soap
Toothpaste
Towels
soap
Sean and Taylor are discussing their finances. What is Sean's gross income?
Money given to his mom
Money taken away from his check
A booger on his paycheck
Total amount of money before they take out taxes and deductions
Aidan and Taylor are planning a trip. What do they need to create to manage their money effectively?
Plan to manage your money
Savings Account
Spending Money at the store
Credit Card
Sean used his Debit Card to buy groceries. What does a Debit Card do?
A fee charged from your bank
A plan to manage money
Puts money into your checking account
Takes money directly out of your checking account
Jamyah's checking account is overdrawn if:
She did not buy anything at the store
She takes more money out than she has in her checking account
She has a plan to manage money
She has a positive account balance
Taylor is checking the amount of money in their bank account:
Bank Statement Balance
Budget
Check
Interest
Sean and Jamyah were discussing what federal income tax taken out of their paycheck pays for. What does it pay for?
Trash Service
Clothing
Food
Military
Police
Teachers
Schools
Sean received his paycheck and noticed the total amount before any deductions. This is the total amount that you actually earn before anything is subtracted:
Taxes
Budget
Deductions
Gross Pay
Sean noticed that something else that will get deducted from his check is:
Money to pay for shoes
Money to pay for cookies
Health Insurance
Money to pay for internet service
Sean and Taylor received money from the bank for keeping their savings there. What is this money called?
deposit
Interest
bank balance
cookies
Aidan and Taylor are planning to manage their money:
Bank
Savings
Budget
Checking
What will Taylor be charged if they take more money out of their checking account than they have in there?
An over draft fee
ATM
Christmas Club
Check
Sometimes banks charge you a ?
Checking
Debit
Service Fee
ATM
Aidan needs to do this to a check before he can cash it: ?
Put your fingerprint on the check
Endorse a check
Sign the check
Rip up the check
Throw the check away
Sean went to the bank and was offered this to use instead of a debit card: ?
Cookies
Credit Card
Debit Card
ATM
Jamyah has a savings account and she earns money on the amount she has in the bank:
What is this called?
Interest
Bank
Debit
Cookies
When should Aidan balance his bank account?
Once a year
Once a week
Everyday
Once a month
When Aidan opened a bank account, he had to sign his name on a ?
Debit
signature card
deduction
ATM
Why is it so important for Sean and Taylor to look nice and prepare for work and school?
You will make a good impression; You will gain confidence; You should look nice for work and school
It doesn't matter what you wear
Who cares
You will get bonus points
You don't need to look nice for work or school
Sean and Taylor are getting ready for their first day at a new job. What are things they should do before going to work to get ready for the day?
More than one correct answer
Wear your pajamas to work
Brush Your Teeth
Shower
Make sure your hair and clothes and shoes look nice
Make sure you get enough sleep the night before work
Sean and Taylor are discussing what some jobs might require you to wear. What might be one of those requirements?
pants that are too tight
a clown outfit
Food on your face
Uniform
Work Shoes
Sean received his paycheck and noticed the amount was less than he expected. Net pay is
Total money earned
Money earned after deductions
What the government keeps
Money given back during income tax
Sean and Taylor are discussing who primarily uses our tax money. Who do they think uses it? (hint: choose 2 correct answers)
Your employer
The state government
The Federal government
Local Businesses
Sean received his pay check and noticed the amount. This amount is his
gross pay
deductions
net pay
status
Taylor receives their paycheck, and it says their gross pay is $250 and their net pay is $200. How much money did they have in deductions this pay period?
250 - 200 =
$450
$250
$50
$0
What was Taylor’s gross pay during this pay period?
Look on the check for Gross Pay under current total.
Click on the picture to make it bigger
$600
$284.79
$78.30
$2836.89
Taylor has a regular hourly rate of $10.75. In a week when Taylor worked 40 hours
How much is Taylor's paycheck before deductions?
Use a calculator
10.75 x 40 =
$430
$342
$375
$397
Sean and Taylor are planning a trip. What is an expense?
Money that you spend or give away.
Money that you earn.
Money that you put away for later.
Taylor and Aidan are trying to live on a monthly budget. In order to do so, they should
Invest in the stock market
Be responsible and use restraint
Match definition to correct term:
Money earned
income
opportunity cost
Aidan and Taylor are trying to stay on track financially. What budgeting tip(s) would help them?
Find a friend with similar goals and hold each other accountable
Only use your closest gas station to fill up gas
Aidan and Taylor are planning their monthly budget. What is the last step they should take?
determining their take-home income
ensuring their goals have flexible characteristics
understanding their wants
review and revisions
Taylor plans on using the 50/30/20 rule for budgeting. How will they split their budget?
50% needs, 30% wants, 20% savings
50% budget, 30% needs, 20% wants
50% saving, 30% needs, 20% wants
$50 needs, $30 wants, $20 savings
Sean and Taylor were discussing their household expenses. They mentioned necessities like electricity, gas, and water, which are paid monthly as part of their household expenses.
utilities
options
electables
utilitable expenses
Taylor and Jamyah are planning a school event. What is a budget?
A Sum of money used for a particular purpose
Making sure you have enough money to buy everything you want
Planning so you spend all of your money
A framework of thinking that allows you to accumulate wealth
Sean and Taylor are planning a trip and need to create a budget. A budget helps people make responsible economic decisions.
True
False
Aidan and Taylor are planning for their prom night. The average high school student spends how much on prom expenses?
$1,000
$500
$750
$1,500
Aidan and Taylor are discussing the benefits of budgeting. Which of the following is a benefit of budgeting?
It increases your expenses
It helps you organize your spending
It complicates financial decisions
It reduces your income
Sean and Taylor are discussing who primarily uses our tax money. Who do you think they are talking about? (hint: choose 2 correct answers)
Your employer
The state government
The Federal government
Local Businesses
Jamyah and Aidan are choosing a bank. You have to keep in mind the ??????, when choosing a bank:
If the bank gives out candy
How many stairs are on the bank
How tall the bank building is
Location
If Sean needs to pay a bill, he can write a ???
Write the answer on the board
Letter to his brother
Letter to his mom
Check
Aidan noticed a fee charged by his bank to manage his checking account:
Cookies
ATM Account Charge
Credit Card Charge
Service Charge
When Taylor puts money into their checking account they are making
a ?
Deposit
Donut
Charge Card
ATM
When Sean is taking money out of his checking account he is
making a ?
Bank Balance
Interest
Deposit
Withdraw
Aidan makes 430$ a week before deductions. How much money is left over after deductions?
30$ for state taxes and 40$ for federal taxes
Use a calculator
430 - 30 -40 =
360
430
30
40
Taylor makes 12$ an hour as a bagger at the grocery store.
Taylor works 20 hours a week. How much will their weekly paychecks be before taxes?
Use a calculator
12 x 20 =
$240
$12
$20
$0
Jamyah makes $240 a week before taxes.
State taxes are $20 and Federal taxes are $15
How much will Jamyah's paychecks be?
Use a calculator
240-20-15 =
$15
$20
$0
$205
Taylor makes $11 an hour and works 25 hours a week. How much is her weekly paycheck?
Use a calculator
11 x 25 =
$25
$11
$275
$0
Malachi makes $15 an hour doing landscaping work for his dad.
He works 30 hours a week. How much are his weekly checks?
Use a calculator
30 x 15=
$30
$450
$15
$0
Malichi makes $450 a week before taxes. If state taxes are $40 and
Federal taxes are $30, how much will his paychecks be?
450 -30 - 40 =
$30
$450
$380
$0
Jamyah made 280$ in one week from working at the grocery store.
Jamyah loves cookies. She spent 20$ on cookies. How much money $$ does she have left over?
280 - 20 =
$260
$280
$20
0$
