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Financial Literacy
What is gross income?
What is this tax called?
Financial Literacy
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Personal Financial Literacy
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Answers
1
What is this tax called?
income tax
sales tax
property tax
payroll tax
2
What is gross income?
Income after taxes and income are deducted.
Income before taxes and income are deducted.
3
What is his net income?
$333.96
$248.71
$245.62
$1,445.12
4
How much is Hectors net income?
$61,700
$34,300
$63,700
$36,300
5
What is the total deductions?
$723.82
$456.12
$547.12
$534.50
6
What was the total amount of her deductions?
$5,020
$445
$433
$5,123
7
Balancing budget
Dine out every night
Record your expenses
Buy new shoes with a credit card
Make a budget
8
What is net income?
Income after all expenses and taxes are deducted.
Income before all expenses and taxes are deducted.
9
Budgets
rent
trash collection
entertainment
insurance
10
Taxes
Sales
Income
Property
Payroll
11
What is the difference?
$704.36
$45.10
$705.36
$649.42
12
How much is Jacob's net income?
$47,600
$50,600
$49,600
$48,600
13
How much is Gloria's net income?
$57,510
$101,090
$103,090
$55,510
14
How many months will it take to pay off the balance?
12 months
10 months
13 months
20 months
15
What type of tax?
income taxes
sales taxs
property taxes
payroll taxes
16
How much money does Angelica have left?
$200
$425
$300
$1,550
17
Safest Place
At the bank in an account
In a piggy bank in your room
Under your bed
In your back pack
18
What is his net income for the year?
$49,902.56
$10,458.17
$56,881.87
$5,445.13
19
What is his gross income?
$8848
$88.48
$20.32
$76.12
20
Taxes
sales tax
payroll tax
income tax
property tax
