Required payments to a government
2024 Financial Planning

Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Nikki Brewer
Used 14+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Variable Cost
Gross Monthly Income
Taxes
Income
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Total amount of earnings made over a month before any deductions
Net Monthly Income
Gross Monthly Income
Income Tax
Social Security
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A portion of one's personal income paid to a government (one correct answer)
Fixed Cost
Variable Cost
Income Tax
Medicare Taxes
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A social insurance system that provides benefits to Americans who are sick, retired or disabled.
Social Security
Abilities
Medicare
Taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is earned income?
A sudden or unexpected amount of money
Income received from investments
Money received for services or work performed
Income earned without direct involvement
6.
MULTIPLE CHOICE QUESTION
10 mins • 5 pts
7.
MULTIPLE SELECT QUESTION
10 mins • 5 pts
What are the Federal Payroll taxes that are withheld from gross pay?
[Select all that apply.]
Federal Income Tax
State Income Tax
City/Local Income Tax
Medicare Tax
Social Security Tax
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