WorksheetsFinancial Math 2025 Fall
Total questions: 100
Worksheet time: 50mins
Name
Class
Date
1.
Write the name of the person or business on the line
a)
Tax Deductible
b)
Payee/Pay To The Order Of:
c)
Capital Gain
d)
Deduction
2.
Write the amount of the check in numbers
a)
Amount In Numbers:
b)
Medicare
c)
FICA tax
d)
contract
3.
Write the amount of the check in words
a)
Tax Return Preparer
b)
salary
c)
Capital Asset
d)
Amount In Words:
4.
Sign all checks the way you sign the signature card
a)
Write today's date here
b)
Signature:
c)
Transaction Register
d)
straight commission
5.
Use the memo area to note the reason for the check
a)
earned income
b)
Memo:
c)
FICA tax
d)
raise
6.
The nine-digit string of numbers used to identify your bank to process the transaction
a)
Simple Interest
b)
Self-employment Tax
c)
Routing Numbers:
d)
Check Number:
7.
The number used to identify your unique account within the bank
a)
Write a reminder for what the check is paying for here
b)
stipend
c)
Account Number:
d)
Asset
8.
The number used to identify a specific check within the sequence of the register. It usually includes 3 or 4 digits
a)
Annual Percentage Rate (APR)
b)
Check Number:
c)
Interest
d)
earned income
9.
A register that allows you to keep accurate records of your deposits and withdrawals.
a)
hourly wage
b)
Debit Card
c)
Transaction Register
d)
Payee/Pay To The Order Of:
10.
Money taken out of a bank account
a)
withdrawal
b)
stipend
c)
deposit
d)
W-2 Form
11.
money put into a bank account
a)
deposit
b)
salary
c)
Heir
d)
Overdraft Fee
12.
the date you are writing the check
a)
monthly pay period
b)
Individual Retirement Arrangement (IRA)
c)
withholding allowance
d)
date
13.
What is the arrow labeled #1 pointing at in the picture?
a)
weekly pay period
b)
Exemption
c)
contract
d)
Write today's date here
14.
What is the arrow labeled #2 pointing at in the picture?
a)
Transaction Register
b)
entrepreneur
c)
Write who you are writing the check to here
d)
deduction
15.
What is the arrow labeled #3 pointing at in the picture?
a)
dependent
b)
Write the amount of the check using numbers here
c)
commission
d)
Capital Gain
16.
What is the arrow labeled #4 pointing at in the picture?
a)
pre-tax deductions
b)
Memo:
c)
Standard Deduction
d)
Write out the amount of the check using words here
17.
What is the arrow labeled #5 pointing at in the picture?
a)
Write a reminder for what the check is paying for here
b)
semimonthly pay period
c)
Asset
d)
Write today's date here
18.
What is the arrow labeled #6 pointing at in the picture?
a)
Sign your full name here
b)
withdrawal
c)
Reconcile
d)
pre-tax deductions
19.
Fee charged for borrowing money.
a)
Amount In Words:
b)
Federal Income tax Return
c)
employee benefits
d)
Interest
20.
Fee charged by a bank for having an account.
a)
Checking Account
b)
Gross Income
c)
Service Charge
d)
date
21.
Bank account that allows a customer to deposit money and write checks from the account.
a)
Amount In Words:
b)
Gift Tax
c)
Checking Account
d)
Reconcile
22.
Bank account that pays interest to the account holder but limits the number of withdrawals per month.
a)
minimum wage
b)
overtime pay
c)
hourly wage
d)
Savings Account
23.
Transfer of money from one person or entity to another without any cash or checks involved.
a)
Write a reminder for what the check is paying for here
b)
weekly pay period
c)
Electronic Funds Transfer (EFT)
d)
Heir
24.
Plastic card linked to a checking account that gives the account holder access to the money in that account.
a)
employer
b)
Debit Card
c)
Rule of 72
d)
W-2 Form
25.
Computerized machine that allows a person to do basic banking functions without going to a bank.
a)
Capital Gain
b)
independent contractor
c)
Automated Teller Machine (ATM)
d)
income
26.
When a person spends more money than is available in his or her account.
a)
flat-rate tax
b)
Overdrawn
c)
Capital Asset
d)
Standard Deduction
27.
Fee charged by a bank for an overdrawn account.
a)
Overdraft Fee
b)
Overdraft Protection
c)
Bank Statement
d)
withholding allowance
28.
Service offered for a fee that covers overdrawn checks within certain limits.
a)
Overdraft Protection
b)
employee benefits
c)
Estate tax
d)
Certificate of Deposit (CD)
29.
List of all account activity for the reporting period.
a)
Capital Loss
b)
Adjusted gross income (AGI)
c)
Bank Statement
d)
Balance
30.
Process by which a person can confirm each transaction on a statement against his or her own records, mark the records to show which items have cleared the bank, and verify that the account holder and the bank agree on the balance.
a)
employee benefits
b)
direct deposit
c)
Balance
d)
Reconcile
31.
Amount of money in an account at a given point.
a)
Signature:
b)
Balance
c)
stipend
d)
commission
32.
List of transactions and a running total of the balance after each transaction.
a)
Register
b)
Tax Return Preparer
c)
Adjusted gross income (AGI)
d)
earned income
33.
Type of savings vehicle that earns a higher interest rate than a regular savings account.
a)
direct deposit
b)
Certificate of Deposit (CD)
c)
Write the amount of the check using numbers here
d)
Self-employed
34.
Initial amount of a deposit or loan.
a)
Savings Account
b)
employer
c)
Principal
d)
withdrawal
35.
An interest-bearing bank account that often requires a minimum balance and limits the number of transactions per month.
a)
Self-employment Tax
b)
Savings Account
c)
Money Market Account
d)
Medicare
36.
Rate of return on an investment, or interest on a loan, for a one-year period.
a)
Annual Percentage Rate (APR)
b)
Overdraft Protection
c)
Money Market Account
d)
Rule of 72
37.
Interest paid only on an original sum of money, or principal.
a)
semimonthly pay period
b)
Simple Interest
c)
Estate tax
d)
Self-employed
38.
Method of estimating how long it will take to double an amount of money.
a)
Balance
b)
Principal
c)
Social Security tax
d)
Rule of 72
39.
Gross income minus selected government approved deductions
a)
Adjusted gross income (AGI)
b)
fringe benefits
c)
date
d)
Exemption
40.
Anything owned that is of Value
a)
withholding allowance
b)
overtime pay
c)
Asset
d)
Check Number:
41.
Anything of value that is owned
a)
Self-employment Tax
b)
Transaction Register
c)
Memo:
d)
Capital Asset
42.
Profit that results from selling something for more than the buyer paid
a)
Capital Gain
b)
withholding allowance
c)
raise
d)
Reconcile
43.
Amount loss when a capital asset is sold for less than the buyer paid
a)
earned income
b)
Capital Loss
c)
Individual Retirement Arrangement (IRA)
d)
Exemption
44.
Adjustment to income that comes after the adjusted gross income is determined
a)
Deduction
b)
Adjusted gross income (AGI)
c)
bartering
d)
date
45.
All of a person's possessions, including assets and debts
a)
Simple Interest
b)
Service Charge
c)
Estate
d)
deduction
46.
Tax that is paid out of the value of an estate before the estate is transferred to the heir.
a)
Estate tax
b)
bartering
c)
Certificate of Deposit (CD)
d)
Transaction Register
47.
Amount that a person can claim on a tax form for each other person who depends on his or her income
a)
Self-employed
b)
hourly wage
c)
Exemption
d)
Write the amount of the check using numbers here
48.
Form used to file income tax with the Internal Revenue Service that is due by April 15 each year, also call a tax return
a)
Federal Income tax Return
b)
Interest
c)
Self-employed
d)
Money Market Account
49.
Law that limits the amount of money a person can give away as a gift without potentially costing their estate additional taxes
a)
dependent
b)
Routing Numbers:
c)
Memo:
d)
Gift Tax
50.
Sum of earned and unearned income within a specific period of time
a)
Social Security tax
b)
Routing Numbers:
c)
Gross Income
d)
Savings Account
51.
Recipient of an Inheritance
a)
Estate tax
b)
Heir
c)
gross pay
d)
FICA tax
52.
Retirement account that allows individuals to save money for retirement
a)
Estate
b)
Individual Retirement Arrangement (IRA)
c)
Checking Account
d)
net pay
53.
Tax imposed by some states on a person receiving an inheritance
a)
FICA tax
b)
deduction
c)
Account Number:
d)
Inheritance Tax
54.
Income earned from sources other than capital gains, such as wages
a)
Interest
b)
dependent
c)
Ordinary Income
d)
pay period
55.
Someone who creates his or her own job and works for him or herself
a)
minimum wage
b)
Amount In Words:
c)
Signature:
d)
Self-employed
56.
FICA taxes that must be paid by self- employed person
a)
weekly pay period
b)
Savings Account
c)
oral contract
d)
Self-employment Tax
57.
Fixed amount that can be claimed instead of listing individual deductions
a)
Standard Deduction
b)
contract
c)
taxable income
d)
net pay
58.
Expense that qualifies as a deduction from adjusted gross income
a)
Sign your full name here
b)
Rule of 72
c)
Tax Deductible
d)
Tax Return Preparer
59.
Any person who complete tax returns for others
a)
Tax Return Preparer
b)
Signature:
c)
Balance
d)
withdrawal
60.
Form that summarizes an employee's earnings and the amounts withheld from the employee's paychecks for the year
a)
Automated Teller Machine (ATM)
b)
W-2 Form
c)
taxable income
d)
progressive tax
61.
Adjustment to income that comes after the adjusted gross income is determined.
a)
W-2 Form
b)
Self-employment Tax
c)
Electronic Funds Transfer (EFT)
d)
deduction
62.
Child or other person whom an individual is supporting financially.
a)
dependent
b)
Debit Card
c)
Medicare
d)
fringe benefits
63.
Anything of value that is offered or provided to employees in addition to wages; also called fringe benefits.
a)
commission
b)
Capital Asset
c)
Social Security tax
d)
employee benefits
64.
Percentage of the employee's gross pay that is withheld from each paycheck.
a)
Sign your full name here
b)
FICA tax
c)
Exemption
d)
employer
65.
Same rate of taxation paid by all taxpayers, regardless of income level; also called flat tax.
a)
flat-rate tax
b)
Amount In Words:
c)
Standard Deduction
d)
Asset
66.
Anything of value that is offered or provided to employees in addition to wages; also called employee benefits.
a)
Reconcile
b)
commission
c)
fringe benefits
d)
Savings Account
67.
Any cost an employee has to pay because of the job he or she was hired to do.
a)
date
b)
hourly wage
c)
minimum wage
d)
job expense
68.
Federal health insurance program for people over 65 years of age.
a)
Medicare
b)
Inheritance Tax
c)
entrepreneur
d)
employee benefits
69.
Amount something is worth in money alone.
a)
Amount In Numbers:
b)
Capital Gain
c)
monetary value
d)
pay period
70.
Final calculated amount of a paycheck after federal taxes, FICA taxes, and state taxes are withheld; also called take-home pay.
a)
Register
b)
biweekly pay period
c)
payroll
d)
net pay
71.
Payments employees make for the cost of benefits.
a)
pre-tax deductions
b)
gross pay
c)
Service Charge
d)
Certificate of Deposit (CD)
72.
The more a person makes, the higher the rate of taxation.
a)
progressive tax
b)
FICA tax
c)
stipend
d)
Annual Percentage Rate (APR)
73.
Increase in pay.
a)
Write a reminder for what the check is paying for here
b)
earned income
c)
raise
d)
biweekly pay period
74.
Contributes to retirement and disability benefits.
a)
Standard Deduction
b)
Checking Account
c)
raise
d)
Social Security tax
75.
Payment for taking on additional work duties or for completing work-related classes.
a)
withholding allowance
b)
stipend
c)
monthly pay period
d)
Amount In Numbers:
76.
Portion of earnings taxed when a person files his or her tax return.
a)
salary
b)
Gift Tax
c)
Amount In Numbers:
d)
taxable income
77.
Number of dependents a person claims on his or her W-4 form.
a)
Annual Percentage Rate (APR)
b)
Transaction Register
c)
bartering
d)
withholding allowance
78.
Trading items other than money.
a)
Inheritance Tax
b)
salary
c)
bartering
d)
raise
79.
Pay the employee receives for the work performed.
a)
bartering
b)
Tax Return Preparer
c)
Gift Tax
d)
base pay
80.
Pay structure in which employees are paid every two weeks, often on a Friday.
a)
employee benefits
b)
biweekly pay period
c)
Write a reminder for what the check is paying for here
d)
Estate tax
81.
Percentage of the amount of a business transaction paid to a sales agent or broker.
a)
Interest
b)
Signature:
c)
commission
d)
withdrawal
82.
Formal agreement between two or more entities, such as people or organizations.
a)
Rule of 72
b)
Bank Statement
c)
Write the amount of the check using numbers here
d)
contract
83.
Automatic deposit of a person's paycheck into his or her checking account.
a)
withholding allowance
b)
direct deposit
c)
Medicare
d)
Checking Account
84.
Pay that comes from a person's work.
a)
gross pay
b)
earned income
c)
withholding allowance
d)
Annual Percentage Rate (APR)
85.
Person or company who hires a person and pays him or her for work done.
a)
job expense
b)
entrepreneur
c)
pre-tax deductions
d)
employer
86.
Person who starts a business venture and assumes the risk of its success or failure.
a)
entrepreneur
b)
Principal
c)
Bank Statement
d)
employer
87.
Employee's total pay before deductions.
a)
overtime pay
b)
Overdraft Fee
c)
gross pay
d)
employer
88.
Amount of money paid for each hour worked.
a)
hourly wage
b)
salary
c)
Register
d)
Interest
89.
Money received by a person or company.
a)
Self-employed
b)
income
c)
Payee/Pay To The Order Of:
d)
Estate tax
90.
Person who provides a service to the public or to a company for money.
a)
Write the amount of the check using numbers here
b)
independent contractor
c)
Self-employment Tax
d)
Medicare
91.
Lowest hourly wage employers are legally required to pay employees.
a)
deposit
b)
Register
c)
minimum wage
d)
weekly pay period
92.
Pay structure in which salaried employees receive 1/12 of their annual salary on the last day of each month.
a)
Ordinary Income
b)
monthly pay period
c)
Check Number:
d)
employer
93.
Agreement that has been acknowledged only through spoken words.
a)
raise
b)
oral contract
c)
Checking Account
d)
FICA tax
94.
Wages that are earned when an employee works more than 40 hours in a week.
a)
Inheritance Tax
b)
Write who you are writing the check to here
c)
overtime pay
d)
job expense
95.
Repeating time frame that an employer uses to calculate and pay salaries and wages.
a)
W-2 Form
b)
Self-employed
c)
pay period
d)
Check Number:
96.
List of employees a company pays.
a)
income
b)
overtime pay
c)
payroll
d)
minimum wage
97.
Fixed payment for a person's work, usually paid monthly or twice per month.
a)
Principal
b)
Overdraft Fee
c)
salary
d)
Ordinary Income
98.
Pay structure that divides the month into two pay periods; payday is often at the middle and the end of the month.
a)
Rule of 72
b)
Heir
c)
semimonthly pay period
d)
earned income
99.
When the only compensation received by an employee is commission.
a)
straight commission
b)
income
c)
deduction
d)
Account Number:
100.
Pay structure in which employees are paid each week.
a)
base pay
b)
fringe benefits
c)
weekly pay period
d)
Adjusted gross income (AGI)
100 %
