Financial Literacy
Quiz
•
Business, Education, Life Skills
•
6th - 8th Grade
•
Medium
Ashley Bauer
Used 6+ times
FREE Resource
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32 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What do we call the amount left over from your paycheck after taxes and deductions?
Balance
Gross salary
Transaction
Net salary
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What do we call a fee that is collected for borrowing money from the bank?
Deposit
Interest
Loan
Check
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The salary before taxes and deductions is...
Net
Gross
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Money paid to the government is...
Budget
Fees
Taxes
Food stamps
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Payments that you DO have control over are:
Deductions
Taxes
Expenses
Costs
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Money taken AUTOMATICALLY out of your paycheck (which you DO NOT have control over) is...
Gross salary
Net salary
Deduction
Expense
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Tom's net salary was $400. His gross salary was $440. How much was taken out for deductions?
$840
$40
$98
$4
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