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Personal Financial Literacy Flashcards | StudBud

Explore/Personal Financial Literacy

Personal Financial Literacy

10 terms·StudBud Administration·346 plays

TEKS 5.10 A-F

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Questions 10

Answers

1
Define Payroll Tax
Money paid to support Medicare and Social Security
Paid when you own property
Paid to Mrs. Fehlker
Paid when you purchase items
2
What word goes with this definition: Paid whenever you buy things.
Taxes
Property Tax
Income Tax
Sales Tax
3
Which method of payment could end up costing interest?
Cash
Credit Card
Check
Debit Card
4
Read and Solve:
$670
$668
$586
$568
5
Which method of payment does NOT take money from your checking account?
Cash
Electronic Payment
Check
Debit Card
6
Choose the right word: Money people pay to support local, state, and federal government.
Taxes
Sales Tax
Income Tax
Property Tax
7
Use the diagram to complete: How much can Art save and still balance his budget?
$8.27
$9.27
$12.73
$8.73
8
Choose the correct definition: Property Tax
Money paid when you purchase items.
Paid when you own property, such as a home.
Money people pay to support government.
Paid to support Medicare and Social Security.
9
Read and Solve:
Safe way to mail; May not be accepted
Works like and electronic check; May have to pay fees
It is safe and easy; Accepted most places
It is fast and easy; you can spend more than what you have
10
Answer the following question:
$190
$145
$220
$175