Financial Literacy
Quiz by Angela Whitfield
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10 questions
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- Q1Tax on wages and salaries to finance Social Security and Medicare costs.Payroll Tax30s
- Q2Money that wage earners pay the government to run the country. The amount of the tax depends upon how much I earn.Income Tax30s
- Q3Money paid to the government in exchange for services, like roads, bridges, and police protection.Tax30s
- Q4Income before taxesGross Income30s
- Q5An expense is an outflow of money to another person or store or other group to pay for goods or service.Expenses30s
- Q6How much money I have left.Balance30s
- Q7A plan for saving and spending my money, with the goal of having a balanced budget (like buying a game, a car when I'm 18, going to college).Budget30s
- Q8the income that remains after taxes and other deductions are taken from an individual's gross incomeNet Income30s
- Q9the amount of money collected on the value of a property for the local government as required by lawProperty Tax30s
- Q10the amount of money collected by a store (retailer), in addition to a good or service that was purchased, for the local government as required by lawSales Tax30s