stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
10 terms
·
StudBud Administration
·
208 plays
A #math quiz on #taxes, #budgeting, and #income.
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
If a person always spends more money than they have, they should...
save money, spend less, make more money.
borrow money from their friends and family.
get credit cards to pay for what they cannot afford.
keep getting loans from the bank to pay for everything.
2
The amount of money on a person's paycheck after deductions have been subtracted is their...
Net income
Gross income
Payroll tax
Income Tax
3
Taxes added to what is purchased is known as...
Payroll Tax
Property Tax
Income Tax
Sales Tax
4
If they spent $78.92 at a restaurant, what would be their new available balance?
$1,561.11
$1,661.11
$1,718.95
$1,571.11
5
What is a budget?
Something that helps people buy more things.
Something that helps people make more money.
Something that helps people spend less.
Something to help people manage their money.
6
Jack's net pay on his paycheck was $1,568 and the deductions were $340, what was his gross pay?
$1,328
$1,808
$1908
$1,228
7
Taxes deducted from the money a person makes is...
Income Tax
Payroll Tax
Sales Tax
Property Tax
8
Sara's gross income is $1,240. If the deductions on her check are $262, what is her net pay?
$988
$978
$1,078
$1,088
9
What does a bank statement show?
Future payments, how much money someone makes, loans.
Gift card balances, deposits, loans.
Deposits, withdraws, interest building on the account.
Credit card interest, withdraws, cash in their wallets.
10
What would be their available balance?
$160
$156
$176
$166
