
Financial Literacy Quiz 2

Quiz
•
Business
•
12th Grade
•
Medium

THOMAS PICKERILL
Used 12+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What form do employers provide to their employees to report annual wages and taxes withheld?
W2
W4
1099
1040
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you start a new job, which form do you fill out to determine the amount of taxes to be withheld from your paycheck?
W2
W4
1099
1040
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the money that is taken out of your paycheck for taxes before you receive it?
Tax refund
Tax withheld
Tax deduction
Tax credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the original amount of money borrowed or invested, before any interest or earnings?
Dividend
Capital
Principle
Asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bank account typically offers a higher interest rate in exchange for higher balance requirements?
Checking account
Savings account
Certificate of Deposit (CD)
Money Market Account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the ownership interest in a company or property, which can be bought, sold, or traded as an investment?
Liability
Asset
Equity
Bond
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APR stand for, and what does it indicate?
Annual Percentage Rate; the true cost of borrowing money including interest and fees
Average Percentage Rate; the average rate of interest over the year
Annual Principal Rate; the yearly rate at which the principal amount is paid
Adjusted Percentage Rate; the adjusted rate of interest after inflation
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