Financial Literacy

Question 1

Which form of payment may involve interest?

Accepted Answer

Credit Card

Question 2

A __________is money put in your account.

Accepted Answer

deposit

Question 3

I bought a shirt for $15 dollars and tax was 8%. How much will my shirt cost, including tax?

Accepted Answer

$16.20

Question 4

Gross Income $309. Deductions are 20% or 0.2. What is the net pay?

Accepted Answer

$247.20

Question 5

Gross Income - Deductions = ?

Accepted Answer

Net Income

Question 6

Earn $8.98 per hour......works 40 hours......$58.70 deducted for payroll taxes. Net Income?

Accepted Answer

$300.50

Question 7

What is a disavantage of using a check?

Accepted Answer

Takes Time

Question 8

I have to pay ___________for my home.

Accepted Answer

Property Tax

Question 9

The Smith family pays $2,496 a year in property taxes. How much is their MONTHLY payment?

Accepted Answer

$208

Question 10

Which form of payment does not give you a record of money spent?

Accepted Answer

Cash

Questions 10