stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
5th Grade Financial Literacy Flashcards | StudBud
Explore
/
5th Grade Financial Literacy
5th Grade Financial Literacy
10 terms
·
StudBud Administration
·
36,942 plays
A review of taxes, budgets, and incomes.
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
_________ is the income that is left after taxes.
Gross income
Sales Tax
Net income
Payroll tax
2
The total income before any taxes are taken out is _______ ________.
Net Income
Gross Income
Expenses
Sales Tax
3
The total tax an employer withholds from a paycheck is called ________.
Property Tax
Payroll Tax
Net income
Sales Tax
4
What is income?
How much you pay in taxes
Taxes you pay
How much money you earn
5
Which expense is "fixed"?
Groceries
Car payment
Gasoline
6
On a balanced budget, which is true?
You spend less than you make
You spend more than you make
7
A ___ is money paid to the government for services, like road work and police protection.
Tax
Income
Budget
8
A ________ is money added to the cost of items or services.
Income Tax
Sales Tax
Budget
Net Income
9
___________ is money that is paid based on the amount of money you earn.
Net Income
Gross Income
Property tax
Income Tax
10
______ are taxes paid to the government depending on the value of your home, land, or vehicles.
Income Taxes
Net Income
Gross income
Property Taxes
