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