Financial Literacy Mid-Term Study Guide

Financial Literacy Mid-Term Study Guide

Assessment

Flashcard

Mathematics

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the primary source of government revenue?

Back

Taxes are the primary source of government revenue.

2.

FLASHCARD QUESTION

Front

What type of taxes is indicated on a W-4 form?

Back

Federal Taxes are indicated on a W-4 form.

3.

FLASHCARD QUESTION

Front

If Miguel's annual salary is $36,000, what is his monthly income?

Back

$3,000 is Miguel's monthly income.

4.

FLASHCARD QUESTION

Front

How much does Aram earn for assembling 180 gadgets at $1.50 each?

Back

Aram earns $270 for assembling 180 gadgets.

5.

FLASHCARD QUESTION

Front

What distinguishes Social Security from Medicare?

Back

Social Security provides retirement income, while Medicare offers health insurance.

6.

FLASHCARD QUESTION

Front

What is the purpose of taxes?

Back

Taxes are used to fund government operations and public services.

7.

FLASHCARD QUESTION

Front

What is a W-4 form used for?

Back

A W-4 form is used by employees to indicate their tax withholding preferences.

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