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Taxes, Needs, and Wants Quiz

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

Which of these is a want?

a)

Rent

b)

Medicine

c)

Designer sneakers

d)

Groceries

2.

Which of these is paid for with taxes?

a)

A friend’s birthday gift

b)

Netflix subscription

c)

Public schools

d)

Designer sneakers

3.

Which of these is the best example of prioritizing?

a)

Buying sneakers before rent

b)

Paying for groceries before a concert ticket

c)

Spending on Netflix before medicine

d)

Choosing Starbucks over food

4.

Which of these is usually not covered by taxes?

a)

Police and fire departments

b)

Parks and roads

c)

Hospital emergency rooms

d)

Video games

5.

Everyone pays the exact same amount of taxes.

a)

True

b)

False

6.

Prioritizing your money means putting needs before wants.

a)

True

b)

False

7.

Taxes help pay for schools, roads, and hospitals.

a)

True

b)

False

8.

If you earn hourly pay, working more hours means you make more money.

a)

True

b)

False

9.

What are taxes used for? Give two examples.

a)

Buying video games and snacks

b)

Paying for schools and roads

c)

Saving for vacations and gifts

d)

Buying clothes and shoes

10.

If you make $14/hour and work 25 hours in a week, how much money do you earn?

a)

$250

b)

$350

c)

$175

d)

$400