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Worksheets

Updated Vocabulary 2/26

Total questions: 17

Worksheet time: 1hrs 25mins

Name
Class
Date
1.

Oliver is checking his bank account to see how much money he has. The amount shown in his account is referred to as his _______.

a)

balance

b)

interest

c)

debt

d)

deduction

2.

Isla went to the bank to take out some money from her savings account. This action is known as a _______.

a)

deposit

b)

withdrawal

c)

transfer

d)

payment

3.

My online banking shows many_________after all the purchases from my shopping trip to the mall.

a)

deposits

b)

credits

c)

debits

d)

applications

4.

Liam wants to build up his money for future expenses. He decides to open a bank account to help him save. What type of account should Liam open?

a)

loan account

b)

checking account

c)

investment account

d)

savings account

5.

Kai needs to pay for his monthly groceries and utility bills. The account he uses for these expenses is a _______.

a)

checking account

b)

savings account

c)

investment account

d)

retirement account

6.

Ava runs a company and hires people to work for her, and pays others their wages. A person in this position is called an _______.

a)

employee

b)

employer

c)

contractor

d)

intern

7.

Fill in the blank: James, who works for a company called Worldly Wonders, is an _______.

a)

intern

b)

volunteer

c)

employee

d)

contractor

8.

Kari worked all summer waitressing. The money she earned is called _______

a)

income

b)

expense

c)

savings

d)

debt

9.

Emma works at a local coffee shop. The more she works, the more money she earns. This is called an _______.

a)

hourly wage

b)

salary

c)

bonus

d)

commission

10.

When Mrs. Berry was hired as a teacher, she signed a contract agreeing on a set amount of pay for one year. This is known as: _________

a)

bonus

b)

wage

c)

stipend

d)

salary

11.

Arjun received his paycheck and noticed _______________________________________ for things like Social Security, Medicare, federal taxes, state taxes, retirement accounts, investment accounts, and health insurance.

a)

deductions/withholdings

b)

a bonus

c)

a salary

d)

a deposit

12.

Anika just received her first paycheck from her new job. She wished the amount that she actually kept was equal to her _________________________________.

a)

net wages

b)

gross wages

c)

taxable income

d)

disposable income

13.

Emma received her paycheck and expected to see more money. She didn't realize her ______________________________ would be lower because deductions have to be taken out.

a)

taxable income

b)

gross income

c)

net wages

d)

disposable income

14.

Henry is applying for a new job and needs to submit a ______________________ listing his education, experience, and skills.

a)

biography

b)

portfolio

c)

transcript

d)

resume

15.

Amy is known for her _____________________ like being a problem solver, clearly communicating, and strong time management.

a)

academic skills

b)

hard skills

c)

technical skills

d)

soft skills

16.

Scarlett just received her first paycheck from her new job. She noticed___________________ taxes were deducted from her gross pay to be used for things like the military and Social Security.

a)

federal

b)

state

c)

local

d)

municipal

17.

David received his paycheck and noticed taxes were deducted from his gross pay. In addition to federal taxes, he noticed that _____________ taxes were also taken and sent to the government in Maine.

a)

city

b)

federal government

c)

local charity

d)

state