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Duplicate of Personal Finance Flashcards | StudBud
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Duplicate of Personal Finance
Duplicate of Personal Finance
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StudBud Administration
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5th grade financial literacy
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
The money you pay the government from your earnings every year.
Income taxes
Payroll taxes
Sales taxes
Property taxes
2
Which is a variable expense?
Gas bill
Club membership
Mortgage
Household maintenance
3
A withdrawal is taking money out of your bank account. When you put money in, you make a
deposit
debit
budget
credit
4
Which is a fixed expense?
Cost of lunch at EastSide
Clothing
Groceries
Garbage pick-up
5
Income is....
the amount of money you spend
the amount of money you save
the amount of money you earn
the amount of money you lend
6
A variable expense is an amount you owe that stays the same, month after month.
False
True
7
A plan for how income will be spent
credit
debit
deposit
budget
8
When you take money out of your bank account, it is called ...
Withdrawal
Credit
Deposit
Balance
9
The money you pay the government when you purchase some items.
Sales taxes
Income taxes
Property taxes
Payroll taxes
10
This happens when the total amount of $ spent or saved equals the total income.
income taxes
sales tax
a financial institution
a balanced budget
11
Which is a fixed expense?
Vet bill
Internet carrier
Medical costs
Entertainment
12
Which is a variable expense?
Water Bill
Daycare expense
Car payment
Insurance premium
13
The money in your account now is called your
balance
taxes
debit
budget
14
Extra money charged by the bank when you apply for a loan is called...
Balance
Income
Overdraft
Interest
15
Extra money the bank pays you for depositing your money is called...
Premium
Interest
Income
Tax
16
The money you pay to the government for land you own.
Sales taxes
Property taxes
Payroll taxes
Income taxes