Quest for Success Unit 6 Vocabulary - Part 2

Quest for Success Unit 6 Vocabulary - Part 2

Assessment

Quiz

Business

8th - 9th Grade

Medium

Created by

Michelle Newsom

Used 49+ times

FREE Resource

Student preview

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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

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