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- 1. Multiple ChoiceMoney you receive after taxes is called:gross incomenet incomesalarypay day
- 2. Multiple ChoiceMoney you receive before taxes is called:gross incomenet incomepay daybank loan
- 3. Multiple ChoiceExpenses that change from month to month are called:fixed expenses (bills, loans, etc)variable expenses (emergency costs, vacations, car repairs, etc)stable pricingirrational pricing
- 4. Multiple ChoiceLong term savings goals would include...vacationnew phonebuying a housecar
- 5. Multiple ChoiceWhen you own a house, what type of tax do you pay on it?income taxsales taxproperty taxpayroll tax
- 6. Multiple ChoiceWhat type of tax do you pay for Cheetos and soda?income taxsales taxproperty taxpayroll tax
- 7. Multiple ChoiceWhich type of tax is taken directly out of your paycheck?payroll taxincome taxpaycheck taxsales tax
- 8. Multiple ChoiceWhich type of tax do you pay once a year on any money you've earned (job, lottery, etc)?payroll taxincome taxsales taxproperty tax
- 9. Multiple ChoiceWhich of the following is considered a "need" when budgeting?money for eating outmoney for going to the moviesmoney to pay for your housemoney for your dog's toys
- 10. Multiple ChoiceWhat is a machine that allows bank customers to deposit or withdraw money without visiting their bank?ATM (automated teller machine)credit cardsafe deposit boxcoffee can under your bed
- 11. Multiple ChoiceWhat is the current amount of money in your bank account called?balancedebtwithdrawlpayment
- 12. Multiple ChoiceWhat is a company that sells goods or services?businessbankeconomycredit union
- 13. Multiple ChoiceWhat is a system that guides how money is earned and used in a society?economytransactionfinancial institutionbank
- 14. Multiple ChoiceWhat is money borrowed that must be repaid, usually with interest?loancheckchecking accountsavings account
- 15. Multiple ChoiceWhat is an account that usually earns interest and is often used to hold money that is not needed right away?savings accountchecking accountloantransaction
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