
Financial Literacy Quiz

Quiz
•
Mathematics
•
11th Grade
•
Easy
JASON MCKENZIE
Used 1+ times
FREE Resource
45 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for an adjustment to income that comes after the adjusted gross income is determined?
Recordkeeping
Deduction
Overdrawn
Rebate
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of an entrepreneur?
Person who starts a business venture and assumes the risk of its success or failure
Person who provides a service to the public or a company for money
Person who keeps track of money
Person who trades items other than money
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is digital currency?
Physical product
A form of money that is exchanged online and has no physical form
Tool that makes it easier to trade one thing of value for another
Service that allows a person to direct payment from his or her bank account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a progressive tax?
Tax that is paid out of the value of an estate before the estate is transferred to the heirs
The more a person makes, the higher the rate of taxation
Fee banks pay depositors for use of their money
Expense that qualifies as a deduction from adjusted gross income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a fixed expense?
Expense that stays the same each month
Amount of money paid for each hour worked
Offer to pay back a portion of the money a customer spent on an item
Penalty banks charge when overdrawn
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fixed amount that can be claimed instead of listing individual deductions?
Commission
Standard deduction
Tax credit
Minimum wage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the percentage of the amount of a business transaction paid to a sales agent or broker?
Stipend
Commission
Tip
Overtime pay
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