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Financial Literacy

Authored by Konni Keuter

Life Skills

7th - 11th Grade

Used 32+ times

Financial Literacy
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money you earn before taxes and other deductions is called...

Salary
Net income
Gross income
Wages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money taken from your income before you are paid is called...

Commission
Retainer
Deductions
Rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you actually receive after the deductions are taken from your gross income.

Net income
Deductions
Wages
Tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is money paid out of your income to the Government to help the country run. 

Fees
Wages

Taxes

Salary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A word to describe yearly.

annual
monthly
half-yearly
fornightly

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People create and keep a personal budget to help them _____.

set and reach financial goals

apply for loan

buy anything they want

earn promotions at work

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following are considered variable expenses? (Choose ALL that apply.)

Magazine subscription

Electricity

Insurance coverage

Clothing

Recreation and vacation

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