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Personal Financial Literacy Flashcards | StudBud
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Personal Financial Literacy
Personal Financial Literacy
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Flashcards
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Questions
10
Answers
1
_______________ is based on the amount of money you earn.
property tax
personal tax
income tax
payroll tax
2
A disadvantage of using a debit card is . . .
no correct answer
you will get a PIN that only the owner or bank knows
you are charged interest
both red & blue
3
A ____________ is money paid to the government in exchange for services.
bonus
fee
interest
tax
4
If you pay $244.92 in taxes & you take home $855.08. How much do you earn before taxes?
$11,000.00
$1,100.00
$610.16
$611.96
5
An advantage of using a check is . . .
no correct answer
it can be used to prove payment was made
it is safer than sending cash in the mail
both red & blue answers
6
A ___________________ is the movement or exchange of money.
transfer
trapezoid
transaction
tangerine
7
A ___________________ can be found on the back of a debit or credit card.
margarine strip
maroon strip
magnetic strip
magnesium strip
8
If you earn $450.75, & you pay $110.12 in taxes. How much do you take home?
$560.87
$340.63
$340.36
$439.63
9
If you use your credit card responsibly you will create . . . .
a negative credit history
a positive credit history
many Twitter followers
a positive test results
10
If you buy a game system for $299, what tax will you have to pay on the purchase?
payroll
sales
property
income
