Financial Literacy Quiz
Authored by Christina Amando
Other
5th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the purpose of taxes?
To generate revenue for the government
To encourage economic growth
To control inflation
To fund public services
2.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Which type of tax is based on the value of a property?
income tax
sales tax
excise tax
property tax
3.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the term used for the tax on the income of individuals and businesses?
income tax
excise tax
property tax
sales tax
4.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Which type of tax is added to the price of goods and services?
income tax
property tax
excise tax
sales tax
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the term used for the tax on wages and salaries?
income tax
payroll tax
sales tax
property tax
6.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Which type of tax is levied on the sale of goods and services?
sales tax
excise tax
property tax
income tax
7.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is the main source of revenue for the government?
donations
taxes
grants
loans
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