WorksheetsUnit 3 Vocabulary Quiz-Financial Literacy
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
Money withheld from a person's paycheck by their employer
a)
Payroll Tax
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Gross Income
2.
A monthly or yearly spending and savings plan
a)
Budget
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
3.
Expenses that vary or change month to month
a)
Variable Expense
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
4.
Money paid to the government based on property owned
a)
Property Tax
b)
Sales Tax
c)
Income Tax
d)
Payroll Tax
e)
Gross Income
5.
Money paid to the government on goods and services
a)
Sales Tax
b)
Property Tax
c)
Income Tax
d)
Payroll Tax
e)
Gross Income
6.
Money earned or received
a)
Income
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
7.
The total amount of personal income before taxes and deductions
a)
Gross Income
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
8.
Money paid to the government based on a person's income
a)
Income Tax
b)
Property Tax
c)
Sales Tax
d)
Payroll Tax
e)
Gross Income
9.
Expenses that stay the same month to month
a)
Fixed expense
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
10.
The income that remains after taxes and other deductions
a)
Net Income
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
11.
Payment for goods and services
a)
Expense
b)
Property Tax
c)
Sales Tax
d)
Income Tax
e)
Payroll Tax
12.
Did you study for this test? (No wrong answer-just be honest)
a)
Yes
b)
No
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