Business Finances

Business Finances

6th - 8th Grade

9 Qs

quiz-placeholder

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Business Finances

Business Finances

Assessment

Quiz

Business

6th - 8th Grade

Easy

Created by

Emily Lawler

Used 3+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the taxes paid based on the wages and salaries of employees?

Payroll taxes

Income taxes

Sales tax

Expenses

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount added to the cost of merchandise to establish the selling price is known as what?

Markdown

Markup

Discount

Tip

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the taxes paid by a business on their annual income?

Sales tax

Payroll taxes

Expenses

Income taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A reduction from the original selling price is known as what?

Markdown

Markup

Sales tax

Tip

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tax on a sale of merchandise or services called?

Income tax

Payroll tax

Sales tax

Discount

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the money earned by selling goods and services called?

Liabilities

Revenue

Expenses

Markup

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the costs of operating a business called?

Liabilities

Revenue

Income tax

Expenses

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the debts owed by a business to others called?

Liabilities

Expenses

Revenue

Payroll tax

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount the customer pays for an item called?

Discount

Selling price

Markup

Markdown