Business Finances
Quiz
•
Business
•
6th - 8th Grade
•
Easy
Emily Lawler
Used 3+ times
FREE Resource
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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
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