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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?
Total Earnings
Payroll Taxes
Net Income
2
What are his total expenses?
$50
$60
$70
$30
3
Lee pays $0.02 in sales tax for every dollar. If she buys $60 of items, what is the total cost?
$60.02
$35.00
$61.20
$1.20
4
What is also called payroll taxes?
Net Income
Income Taxes
Gross Income
5
What is Will's net worth if his gross income is $792 and owes $120 in deductions?
$552
$1,032
$912
$672
6
How much money does Chloe have left if her net worth is $420 and she spent $29.65 at the mall?
$449.65
$390.35
$390
$450
7
What is his total income?
$40
$60
$45
$25
8
On which of the following might Raul pay sales tax?
Income
Salary
House
Clothing
9
Which of the following might require a property tax?
A new car
A house
A new pair of jeans
A health care tax
10
What is also called earnings after taxes?
Payroll Taxes
Gross Income
Net Income
