Personal Financial Literacy
4 years ago
mrsmcintee
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15 QuestionsShow answers
  • Question 1
    30 seconds
    Q. Money you receive after taxes is called:
    answer choices
    gross income
    net income
    salary
    pay day
  • Question 2
    30 seconds
    Q. Money you receive before taxes is called:
    answer choices
    gross income
    net income
    pay day
    bank loan
  • Question 3
    30 seconds
    Q. Expenses that change from month to month are called:
    answer choices
    fixed expenses (bills, loans, etc)
    variable expenses (emergency costs, vacations, car repairs, etc)
    stable pricing
    irrational pricing
  • Question 4
    30 seconds
    Q. Long term savings goals would include...
    answer choices
    vacation
    new phone
    buying a house
    car
  • Question 5
    30 seconds
    Q. When you own a house, what type of tax do you pay on it?
    answer choices
    income tax
    sales tax
    property tax
    payroll tax
  • Question 6
    30 seconds
    Q. What type of tax do you pay for Cheetos and soda?
    answer choices
    income tax
    sales tax
    property tax
    payroll tax
  • Question 7
    30 seconds
    Q. Which type of tax is taken directly out of your paycheck?
    answer choices
    payroll tax
    income tax
    paycheck tax
    sales tax
  • Question 8
    30 seconds
    Q. Which type of tax do you pay once a year on any money you've earned (job, lottery, etc)?
    answer choices
    payroll tax
    income tax
    sales tax
    property tax
  • Question 9
    30 seconds
    Q. Which of the following is considered a "need" when budgeting?
    answer choices
    money for eating out
    money for going to the movies
    money to pay for your house
    money for your dog's toys
  • Question 10
    30 seconds
    Q. What is a machine that allows bank customers to deposit or withdraw money without visiting their bank?
    answer choices
    ATM (automated teller machine)
    credit card
    safe deposit box
    coffee can under your bed
  • Question 11
    30 seconds
    Q. What is the current amount of money in your bank account called?
    answer choices
    balance
    debt
    withdrawl
    payment
  • Question 12
    30 seconds
    Q. What is a company that sells goods or services?
    answer choices
    business
    bank
    economy
    credit union
  • Question 13
    30 seconds
    Q. What is a system that guides how money is earned and used in a society?
    answer choices
    economy
    transaction
    financial institution
    bank
  • Question 14
    30 seconds
    Q. What is money borrowed that must be repaid, usually with interest?
    answer choices
    loan
    check
    checking account
    savings account
  • Question 15
    30 seconds
    Q. What is an account that usually earns interest and is often used to hold money that is not needed right away?
    answer choices
    savings account
    checking account
    loan
    transaction
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