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5th Grade Financial Literacy Vocabulary Review Flashcards | StudBud
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5th Grade Financial Literacy Vocabulary Review
5th Grade Financial Literacy Vocabulary Review
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Vocabulary Dealing with Financial Literacy 5th grade TRS
Flashcards
18 cards
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Practice quiz
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Questions
18
Answers
1
I own 5 apartment buildings that I rent out. What type of tax do I pay on these buildings?
Sales Tax
Payroll Tax
Income Tax
Property Tax
2
I used a card connected to my checking account to get groceries. What card did I use?
Debit Card
Check Card
Credit Card
Cash Card
3
I make 90,000 a year and I have to file my taxes by April 15. What tax is this?
Sales Tax
Payroll Tax
Property Tax
Income Tax
4
I own a Taco Bell and pull money from my employees paychecks to pay this type of tax is this?
Sales Tax
Payroll Tax
Property Tax
Income Tax
5
I went and bought a new television and had to pay $90 in taxes. What type of tax is this?
Income Tax
Property Tax
Payroll Tax
Sales Tax
6
Card used to borrow money from banks, stores, or businesses to buy products/services on credit
Check Card
Cash Card
Credit Card
Debit Card
7
The amount of money that a company withholds from its employees
Payroll Tax
Property Tax
Income Tax
Sales Tax
8
The total amount of personal income prior to taxes and deductions
Debit Card
Net Income
Gross Income
Credit Card
9
The school district takes money out of my check monthly. What type of tax is this?
Income Tax
Property Tax
Sales Tax
Payroll Tax
10
A card linked to your checking account so you can withdraw money, or make purchases
Debt Card
Debit Card
Credit Card
Cash Card
11
I own a gas station. I will have to pay ____ tax on the land and gas station building
Payroll Tax
Property Tax
Sales Tax
Income Tax
12
Payments using security features on the internet
Electric Payment
Electronic Payment
Money Payment
Epic Payment
13
I bought an Xbox game that was $60. I ended up paying almost $66 after tax. What tax did I pay?
Income Tax
Sales Tax
Payroll Tax
Property Tax
14
The amount of money collected on the value of a property for the local government
Sales Tax
Payroll Tax
Income Tax
Property Tax
15
The income that remains after taxes and other deductions are taken from a person's gross income
Electronic Income
Gross Income
Budget Income
Net income
16
I bought a new couch with a card that lets me borrow money from the store. What card did I use?
Credit Card
Cash Card
Check Card
Debit Card
17
Money collected by a store, in addition to a good or service that was purchased
Payroll Tax
Property Tax
Sales Tax
Income Tax
18
Travis earned $42,000 last year and paid $6,000 in taxes on what he earned. What tax is this?
Income Tax
Property Tax
Sales Tax
Payroll Tax
