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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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lesson15.1 PFL unit
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What must people make because their income is limited?
saving
choices
donations
taxes
2
What are payments for goods and services?
income
expenses
choices
donations
3
What are payments that people are required to make to the government?
choices
donations
expenses
taxes
4
Cayden pays $15 each month for a video game subscription. This is a...
fixed expense
saving
periodic expense
variable expense
5
Savannah's paycheck for $105 is her...
net income
fixed income
taxes
saving
6
On Savannah's pay receipt, she earned $145, but her paycheck was only $105. What was the $40?
taxes
income
periodic expense
variable expense
7
What are payments received for providing resources in the economy?
income
taxes
budget
expenses
8
What is income not spent on goods and services?
budget
saving
expenses
donations
9
Alicia earned $15 babysitting. Out of that money, she put $7.50 in her bank account.This is ...
saving
spending
costs
taxes
10
What do you call a plan for managing income, saving and expenses?
taxes
donations
choices
budget
