Financial Literacy Question Preview (ID: 39379)


Financial Literacy. TEACHERS: click here for quick copy question ID numbers.

Something spent; a payment for goods or services?
a) Expenses
b) Money
c) Credit
d) Cash

A formal record of transactions made by an individual, business, or organization (put in a ledger)?
a) Recording
b) Financial Record
c) Notebook Paper
d) Statement

A book used to record financial transactions, especially as a final record?
a) Phone Book
b) Record Book
c) Notebook
d) Ledger

The exchange of money between two parties?
a) Transaction
b) Payment
c) Deal
d) Pass The Cash

Money available AFTER all deductions are taken?
a) Salary
b) Income
c) Net Salary
d) Gross Salary

Total money available BEFORE all deductions are taken?
a) Gross Salary
b) Salary
c) Net
d) Money

A tax deducted from a paycheck that includes Social Security and Medicare taxes?
a) Addendum Tax
b) Death Tax
c) Sales Tax
d) Payroll Tax

A plan for using money, usually for a month or a year?
a) Sock Drawer
b) Budget
c) Savings
d) Checking Account

Secure payment made on the internet?
a) Electronic Payment
b) Credit Card
c) Pass The Cash
d) Payment by Mail

Money paid to the federal government based on an individual's income?
a) Sales Tax
b) Insurance Tax
c) Income Tax
d) Net Tax

A card used to pay for goods or services where the money is immediately taken from the cardholder's bank account?
a) Credit Card
b) Business Card
c) Debit Card
d) Social Security Card

A card used where you buy things on credit and pay it back?
a) Social Security Card
b) Debit Card
c) Business Card
d) Credit Card

A tax paid on retail products (goods or services); a set percentage of the cost?
a) Sales Tax
b) Income Tax
c) Death Tax
d) Employment Tax

A tax paid yearly to the local government based on the value of the land and its structures?
a) Sales Tax
b) Employment Tax
c) Property Tax
d) Death Tax

A small table or chart used to track deposits added and expenses taken from an account?
a) Check Book
b) Notebook
c) Cash Register
d) Register

A budget in which your total expenses are not more than your total income?
a) Total Budget
b) Balanced Budget
c) Planned Budget
d) Previous Budget

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