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NZ Financial Literacy Flashcards | StudBud
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NZ Financial Literacy
NZ Financial Literacy
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Aotearoa money high school
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
The top tax rate (% of earnings over $70,000 per year) in NZ is
29%
25%
35%
33%
2
If you earned $10,000 at what rate would you be taxed?
10.5%
17%
you don't have to pay tax until you earn over $14,000
30%
3
What does the money collected from income tax pay for?
roads
hospitals
all of these things
schools
4
Which of these means 'money you make by working'
'layby' or 'afterpay'
'income' or 'earnings'
'personal tax'
'outcome'
5
In New Zealand, NO goods or services are exempt from GST.
True
False
6
How old do you have to be in Aotearoa to open your own bank account?
18
7
13
16
7
'tax deductible donation' means means the whole donation is taken off your tax bill
True
False
8
Which of these is NOT an example of 'income'
cash for work done
wages
debit/payment out
salary
9
In Aotearoa, GST is charged at a rate of _____ of the original price.
9%
15%
12.5%
14%
10
Which type of bank card lets you use your own money to buy things online?
debit card
credit card
EFTPOS card
11
which word means paying off the full price in smaller amounts over a set time?
instalments
investment
inhalation
intestate
12
What does 'GST' stand for?
great services tax
great standard tax
good standard tax
goods and services tax
