Quest for Success Unit 6 Vocabulary - Part 2

Quest for Success Unit 6 Vocabulary - Part 2

8th - 9th Grade

12 Qs

Similar activities

Tax Forms and Information

Tax Forms and Information

9th - 12th Grade

15 Qs

PFL #14a Charitable Giving VOCAB

PFL #14a Charitable Giving VOCAB

9th - 12th Grade

10 Qs

Income and Expenses

Income and Expenses

9th - 12th Grade

15 Qs

Classification of accounts

Classification of accounts

8th - 10th Grade

10 Qs

5.01 & 5.02 Accounting Quiz

5.01 & 5.02 Accounting Quiz

9th - 12th Grade

15 Qs

Unit 6 Quest

Unit 6 Quest

8th Grade

10 Qs

Tax vocab

Tax vocab

9th Grade

15 Qs

Financial Statements

Financial Statements

9th - 12th Grade

10 Qs

Quest for Success Unit 6 Vocabulary - Part 2

Quest for Success Unit 6 Vocabulary - Part 2

Assessment

Quiz

Created by

Michelle Newsom

Business

8th - 9th Grade

49 plays

Medium

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tax levied by a government directly on income, especially an annual tax on personal income?

sales tax

property tax

income tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The general increase in prices and fall in the purchasing value of money is ____________.

expense

social security

purchasing power

inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________________ is the federal health insurance program for people who are 65 or older or certain younger people with disabilities.

Social Security

Medicare

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ is the federal insurance program that provides benefits to retired people and those who are unemployed or disabled.

Medicare

Social Security

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a requirement, necessary duty, or obligation?

need

want

expense

inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual's income after taking taxes and deductions into account is called ....

gross income

income tax

net income

fixed expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ ___________ is gross wages minus withholdings for payroll taxes and other items such as insurance.

Cash flow

Social Security

Purchasing power

Net pay

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the loss of potential gain from other alternatives when one alternative is chosen?

fixed expense

opportunity cost

variable expense

gross income

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of tax is levied by the governing authority of the jurisdiction in which the property is located?

sales tax

property tax

income tax

10.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The financial ability to buy products and services is called _____________.

budget

cost comparison

fixed expense

purchasing power

Explore all questions with a free account

or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?