Financial Literacy

Financial Literacy

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Multiple Choice

Which definition matches gross income?

• The amount of money made after deductions are taken out

• Money that you collect

• The amount of money made before deductions are taken out

• money that is earned as a result of work

Multiple Choice

Which definition matches Net income?

• money that is earned as a result of working

• The amount of money made before deductions are taken out

• The amount of money made after deductions are taken out

• Money that you collect

Multiple Choice

Which definition matches income?

• Money that you collect

• money that is earned as a result of working

• The amount of money made before deductions are taken out

• The amount of money made after deductions are taken out

Multiple Choice

What is a budget?

• Money that I can spend on what I want

• Something that is hard to understand

• An organized plan for spending and saving money

Multiple Choice

What are property taxes?

• Money paid to the government based on money you earn

• Money an employer withholds from an employee’s paycheck

• A portion of the value of items that is paid to a city or government

• Money added to the cost of items or services

Multiple Choice

What is sales tax?

• Money added to the cost of items or services

• Money paid to the government based on money you earn

• A portion of the value of items that is paid to a city or government

• Money an employer withholds from an employee’s paycheck

Multiple Choice

What is a payroll tax?

• Money paid to the government based on money you earn

• Money an employer withholds from an employee’s paycheck

• A portion of the value of items that is paid to a city or government

• Money added to the cost of items or services

Multiple Choice

What are income taxes?

• Money added to the cost of items or services

• Money paid to the government based on money you earn

• A portion of the value of items that is paid to a city or government

• Money an employer withholds from an employee’s paycheck

Multiple Choice

A deposit is money ______ your bank account

• taken out of

• put into

Multiple Choice

A withdrawal is money ________ of your bank account

• put into

• taken out

Drag and Drop

A portion of the value of items.  This can be charged on items like: cars, houses, boats, or land.

Placeholder

Drag these tiles and drop them in the correct blank above

Income Tax

Sales Tax

Payroll Tax

Property Tax