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Tenth Grade (Grade 10) Personal Finance Questions

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Grade 10 Personal Finance
This is an amount of money that is added up from January 1 until now.
  1. Year-to-Date
  2. Gross pay
  3. Health Insurance
  4. Medicare
Grade 10 Personal Finance
Which of the following should you consider when making a significant purchase?
  1. Your buying motives
  2. If you can’t pay with cash, don’t buy it
  3. The opportunity cost
  4. All of the above
Grade 10 Personal Finance
Which of these is a REQUIRED payroll deduction?
  1. Health Insurance
  2. Dental Care Plan
  3. Medicare Tax
  4. Vision Plan
Grade 10 Personal Finance
This is an optional deduction that will help you pay for your medical bills.
  1. FICA/Social Security
  2. Health Insurance
  3. Net pay
  4. Year-to-date earnings
Grade 10 Personal Finance
Grade 10 Personal Finance
In order to get spending under control, a person should first
  1. seek help on investing from a financial planner.
  2. consult a credit counseling service.
  3. create a budget of current income and expenses.
  4. subscribe to financial newsletters and magazines.
Grade 10 Personal Finance
This is money deducted from your check to pay for the United States government.
  1. Federal Income Tax
  2. SC State Income Tax
  3. Medicare
  4. Health Insurance
Grade 10 Personal Finance
This is the total amount of money you earn before deductions are taken out.
  1. Gross pay
  2. FICA/Social Security
  3. Federal Income Tax
  4. Net pay
Grade 10 Personal Finance
A "fixed" expense is:
  1. something that you need to work on
  2. an expense that is the same amount each month
  3. an expense that changes from month to month
  4. income that changes from month to month
Grade 10 Personal Finance
Paid every two weeks.
  1. Weekly
  2. Semimonthly
  3. Monthly
  4. Bi-Weekly
Grade 10 Personal Finance
Paid one a month.
  1. Weekly
  2. Semimonthly
  3. Monthly
  4. Bi-Weekly
Grade 10 Personal Finance
Paid once a week.
  1. Weekly
  2. Semimonthly
  3. Monthly
  4. Bi-Weekly
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