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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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#5thgrade #TEKs #financialliteracy
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
To pay for a t-shirt at school, I might use...
debit card
credit card
cash
check
2
Property tax is paid on...
groceries, paint, and houseshoes
houses, farms, and boats
cell phones, notebooks, and pens
cats, dogs, and horses
3
Money coming IN to your account is a...
credit
debit
deduction
expense
4
Income Tax is
tax added to the value of your boat
a tax YOU pay to the government based on how much you make
a tax YOUR boss pays to the government
Medicare and social security tax
5
Cash is...
paper money you can spend
a card linked to your bank account
a card used like a loan
a written document linked to your bank account
6
To pay my electric bill every month, I could use...
credit card
cash
check
e-payment
7
People use a _________ to keep track of spending.
budget
plan
register
debit
8
To send money to my sister in Virginia, I could use...
check
credit card
cash
e-payment
9
E-payments are...
never used
made using cash
used online
payments made in person
10
Susan's net pay is....
equal to her gross pay
a bonus with plus her gross pay
larger than her gross pay
smaller than her gross pay
11
If Mike's gross pay is 320.15, and his deductions are 148.90, how much is his net pay?
320.15
148.90
171.25
469.05
12
Deductions are...
subtracted from your net pay
what's left after your net pay is taken out
subtracted from your gross pay
added to your gross pay
13
A _____ is your plan for spending and saving.
gradebook
budget
register
credit
14
A check is...
a card used like a small loan
paper money you can spend
a written document linked to your bank
a card linked to your bank account
15
Sales tax is a tax...
added to your paycheck
added to the value of your books at the book fair
added to the value of your car
paid by your boss to the government
16
To pay for my groceries at United, I could use...
debit card
e-payment
cash
check
17
A credit card is used like a...
small loan
link to your bank account
paper money
big loan
18
Net pay is your money...
that you get as a gift
BEFORE decuctions
AFTER deductions
AFTER you pay for groceries
19
Payroll tax includes
money added to your soda at Pak a Sak
Medical bills and social services
Social Security and medicare tax
money paid based on the value of your house
20
To pay for a flat tire, I might use...
cash
credit card
e-payment
debit card
21
Gross pay is your money...
PLUS interest
AFTER a bonus
AFTER deductions
BEFORE deductions
22
Ned's net pay is 412.16, his deductions were 88.97. How much was his gross pay?
501.13
412.16
88.97
323.19
23
Which is true?
Net pay - deductions = gross pay
Gross pay + deductions = net pay
Gross pay - deductions = grosser pay
Gross pay - deductions = net pay
24
Money coming OUT of your account...
credit
bonus
debit
present
25
______ is the amount of money you have left to spend in your account.
debit
budget
balance
credit
