Personal Financial Literacy Flashcards

1

Which tax is added to the cost of an item at the store?

2

Amy buys a necklace for $280. Which of the tax does she have to pay on the purchase?

3

Choose the FIXED expense.

4

This month Ms. Landry's expenses are greater than her income. What should she do?

5

Ms. Landry pays tax every year because she owns land and a farm. Which describes this tax?

6

Choose a VARIABLE expense.

7

Which type of expenses are easier to adjust to balance a budget?

8

Mark's gross income is $1,100. His net income is $855.08. Which tax is taken off his check?

Personal Financial Literacy