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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
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#financialliteracy 5th grade math review
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
Balance the budget
$95
$90
$100
$50
2
Card issued by a bank that allows a user to buy items/services immediately and pay later
Credit Card
debit card
checks
3
Jerry earns $50. He saves $30. How much can he spend on a new hat?
$30
$25
$45
$20
4
Income before any taxes are taken out of it
Sales Tax
Net Income
Gross Income
Payroll Tax
5
Money paid to the government in exchange for services
Debit card
Expenses
checks
Tax
6
A yearly tax on land, homes other property
Income Tax
Payroll Tax
Sales Tax
Property Tax
7
Payment you pay for goods and services
Expenses
Payroll Tax
Income
Sales Tax
8
When your income and expenses equal the same amount.
income
balanced budget
unbalanced budget
budget
9
What has a PIN to make it secure?
income tax
debit card
Check
credit card
10
Money an employer withholds from an employee's earnings
Payroll Tax
Ms. Brown's taxes
income tax
Property
11
An organized plan for spending and saving money
Income
Budget
Expenses
Balance
12
Money added to the cost of items or services.
property tax
income tax
payroll tax
Sales Tax
13
A written order asking bank to pay a certain amount from your account
credit card
checks
debit card
14
Money paid to a city, town, or state government or to the U.S. Government based on income
Net income
gross income
property tax
income tax
15
Income that is left after taxes are taken out of the gross income
Net income
sale tax
Gross Income
income tax
16
Money that is earned
Income
Property Tax
Payroll Tax
Earnings
