2024 Financial Planning

2024 Financial Planning

9th - 12th Grade

12 Qs

quiz-placeholder

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2024 Financial Planning

2024 Financial Planning

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Nikki Brewer

Used 14+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Required payments to a government

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

Amounts of money taken from income before you are paid.
Commission
Retainer
Deductions
Rate

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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