Financial Literacy

Financial Literacy

6th - 8th Grade

32 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Business, Education, Life Skills

6th - 8th Grade

Medium

Created by

Ashley Bauer

Used 6+ times

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32 questions

Show all answers

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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