Exploring Personal Financial Literacy Vocabulary

Exploring Personal Financial Literacy Vocabulary

Assessment

Interactive Video

Mathematics

1st - 5th Grade

Medium

CCSS
6.RP.A.3B, RI.3.10, 3.OA.D.9

+6

Standards-aligned

Created by

Sophia Harris

Used 11+ times

FREE Resource

Standards-aligned

CCSS.6.RP.A.3B
,
CCSS.RI.3.10
,
CCSS.3.OA.D.9
CCSS.7.RP.A.3
,
CCSS.7.NS.A.1B
,
CCSS.RI.4.10
,
CCSS.RI.5.10
,
CCSS.RI.6.4
,
CCSS.RI.7.4
,

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of personal financial literacy is covered by understanding the vocabulary?

100%

75%

50%

90%

Tags

CCSS.6.RP.A.3B

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of taxes according to the video?

To increase personal savings

To fund private businesses

To pay for personal expenses

To support government services

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of tax is added when you purchase items at a store?

Income tax

Property tax

Sales tax

Corporate tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of April 15th mentioned in the video?

Bank holiday

Start of new semester

Tax day

End of financial year

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'gross income' represent?

Only taxable income

Income from investments only

Total income before deductions

Income after taxes

Tags

CCSS.3.OA.D.9

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to your paycheck due to deductions?

Remains the same

Increases due to overtime

Fluctuates based on government policy

Decreases due to mandatory deductions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is deducted from your gross income to arrive at your net income?

Optional expenses

Investment profits

Deductions like taxes

Only federal taxes

Tags

CCSS.7.RP.A.3

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