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Finance Review Flashcards | StudBud
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Finance Review
Finance Review
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A review of 5th grade Personal #Financial Literacy
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
When money comes out of your account...
credit
debit
deposit
taxes
2
A plan for how you will spend your money is called a ___?___
budget
table
check
income
3
Ben's employer deducts 0.2 times his wages in taxes. How much is deducted if he makes $254?
$5.04
$50.80
$203.60
$50.40
4
Jo made his monthly budget. He finds that he doesn't have enough $ for rent. What should he do?
Budget less for entertainment
Avoid traveling this month
Borrow cash from a friend who wants the $ repaid in 30 days
Ask his parents to borrow their credit card
5
A tax you pay for owning a home...
sales tax
math tax
property tax
income tax
6
Amy's income is $65. Her expenses $11.50, $7.00, & $7.75. How much can she save this week?
$14.75
$91.25
$38.75
$26.25
7
Tom pays $3,780 in property taxes a year. How much are his monthly payments?
$325
$315
$215
$318
8
When the total amount of money spent, saved, or shared equals the total income, this is a __?__
money plan
budget
balanced budget
unbalanced budget
9
The amount of money in your account...
credit
deposit
balance
gross income
10
A tax paid at a retail store...
sales tax
income tax
property tax
math tax
11
Money earned for doing work...
net income
gross income
income
budget
12
The total amount of money you earn before deductions are taken out is called...
budget
gross income
net income
income
13
When you put money into your account...
taxes
deposit
debit
withdrawal
14
Net income is $1,200. Taxes taken out of your check are $126. What was your gross income?
$1074
$1326
$1126
$1300
15
Money people pay to support the government is called ___?___
taxes
wages
income
budget
16
Which method of payment is LEAST safe if you are making a payment by mail?
check
cash
credit card
debit card
17
The amount of money you get after subtracting your deductions from your total income...
budget
income
net income
gross income
18
Gross income $368.20. Net income $289.03. What was the total amount of deductions?
$79.70
$79.17
$657.23
$209.86
19
A tax on money you earn...
sales tax
math tax
property tax
income tax
20
Gross income is $450. Taxes taken out of your check are $76. What is you net income?
$374
$386
$526
$476
