Financial Literacy Packet Quiz
Authored by REBECCA LAZAROU
Mathematics
9th - 12th Grade
CCSS covered
Used 4+ times
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14 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
List 5 expenses that are fixed each month
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you pay the minimum payment of $50/month on $10,000 debt- how long will it take you to pay off the debt?
15 years
7 years
5 years
17 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much do you end up paying in interest on the original $10,000 debt?
$10,819
$20,819
$819
$15,819
Tags
CCSS.7.RP.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you take away in taxes from your income each paycheck when budgeting?
5%
20%
25%
10%
Tags
CCSS.6.RP.A.3C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for figuring out your take-home pay?
monthly salary - amount of taxes
monthly salary
monthly salary - taxes * .20
taxes taken out
Tags
CCSS.6.NS.B.3
6.
OPEN ENDED QUESTION
3 mins • 1 pt
In complete sentences, why is it important to spend less than you earn?
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Tags
CCSS.RI.8.1
CCSS.RI.8.8
CCSS.RL.11-12.1
CCSS.RL.8.1
CCSS.RL.9-10.1
7.
OPEN ENDED QUESTION
3 mins • 1 pt
On your budget page, what is your net income ?
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Tags
CCSS.7.NS.A.1C
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