stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
11 terms
·
StudBud Administration
·
2,098 plays
5th Grade Financial Literacy
Flashcards
11 cards
F
Practice quiz
P
Host live
L
Questions
11
Answers
1
Which expression shows how to find the available funds after she sells some pies on June 3?
$45.24 - $26.74
$45.24 + $26.74
$26.74 - $18.50
$18.50 + $26.74
2
What is the difference between Kimberly's expenses and her earnings?
$21.27
$7.72
$5.02
$2.77
3
Which of the following is an advantage of using a check to pay bills?
You can pay using money in your account
You can buy now and pay later
You may have to pay interest on the amount
The money is transferred immediately
4
A ______________ is money added to the cost of items or services.
item tax
sales tax
income tax
property tax
5
The total earnings before any taxes are taken out is ______________________
net income
total income
income tax
gross income
6
Which statement about sales tax is NOT true?
The item's price is necessary to determine the sales tax.
You can find the amount of sales tax in a sales tax table.
The sales tax is the same as the income tax.
The sales tax is based on the value of an item.
7
Below are Kimberly's finances at the beginning of June. How much does she spend on advertising?
$23.75
$16.25
$28.99
$5.02
8
_____________ is the income that is left after taxes
income tax
net income
total income
gross income
9
____________ is money that is paid to a city, state, or the U.S. government based on earnings.
payroll tax
income tax
sales tax
property tax
10
_________________ is a portion of the value of an item, such as land.
income tax
property tax
value tax
sales tax
11
Problem
4 weeks
5 weeks
3 weeks
7 weeks
