Financial Literacy Final Exam - Modified

Financial Literacy Final Exam - Modified

9th - 12th Grade

34 Qs

quiz-placeholder

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Financial Literacy Final Exam - Modified

Financial Literacy Final Exam - Modified

Assessment

Quiz

others

9th - 12th Grade

Medium

Created by

Susan Hoose

Used 1+ times

FREE Resource

34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. Laura is a high school student who has a part-time job at a department store. All of the following options will be deducted from her paycheck, EXCEPT...
Medicare
Federal taxes
Overdraft fees
Social Security

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. All of the following would show up on a credit report, EXCEPT...
Salary of your current job
Payment history of your car loan
Credit card payment history
Student loan activity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
Which of the following statements about the W2 is true?
James had $565.01 taken out for Federal Income Tax
James had $4,768.50 taken out for Federal Income Tax
Total wages and tips were $42,567.85
James didn't pay any state income tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. You are a realtor and you sell a house that is $300,000. You receive $9000 for that sale. The $9000 is your ___?__
Salary
Benefit
Commission
Bonus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

8. Healthcare, vacation time and retirement plans are examples of __?__
Wages
Benefits
Salary

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Media Image
How much state income tax did James have taken out in 2023?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

10. Which of the following statements comparing credit and debit cards is TRUE?
Far more businesses accept credit cards than debit cards
Credit cards pull money directly from your bank account, while debit cards get their money from Visa and Mastercard
Credit card companies provide you with a monthly statement, while debit cards do not
With debit cards, you are spending your own money, but with credit cards you're getting a loan that you need to pay back later

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