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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Financial Literacy Review (5th Grade STAAR Review)
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which of the following is also called gross income?
Net Income
Total Earnings
Payroll Taxes
2
What could Dean do to balance his budget?
Decrease his movie rentals by $5
Increase his allowance by $10
Increase his savings by $5
3
Raul pays property tax in Dallas. On which of the following might Raul pay property tax?
Income
Clothing
House
Salary
4
Which of the following shows when a budget is balanced?
Expenses > Income
Income=Expenses
Income > Expenses
5
Which of the following can Jose use if he wants to purchase an item at a later time?
Check
Debit Card
Credit Card
Money Transfer
6
What is his total income?
$40
$60
$45
$25
7
What is also called earnings after taxes?
Net Income
Gross Income
Payroll Taxes
8
What is also called payroll taxes?
Gross Income
Income Taxes
Net Income
9
Lee pays $0.02 in sales tax for every dollar. If she buys $60 of items, what is the total cost?
$1.20
$60.02
$61.20
$35.00
10
What are his total expenses?
$60
$30
$50
$70
