Post Test: Money Management

8 Questions | Total Attempts: 107

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Money Quizzes & Trivia

Post Test: Money ManagementS. P. O. K. E. S 2008Weirton, WV


Questions and Answers
  • 1. 
    Give a Definition for money management.
  • 2. 
    Understanding food is an example of a need and stake is a want. Another example of a want vs. need is:
    • A. 

      Clothes vs. Name brand jeans

    • B. 

      Water vs. Coke

    • C. 

      Coke vs. Pepsi

    • D. 

      Transportation Vs. Personal Vehicle

    • E. 

      Ralph Lauren vs. Calvin Klein

  • 3. 
    The amount of your income from your wages or salary before payroll deductions is called:
    • A. 

      Gross income

    • B. 

      Net income

    • C. 

      Paycheck

    • D. 

      Taxes

  • 4. 
    The amount of income from your wages or salary after payroll deductions is called: 
    • A. 

      Gross income

    • B. 

      Net income

    • C. 

      Paycheck

    • D. 

      Taxes

  • 5. 
    Name one factor to consider when choosing a bank for opening a checking account.
  • 6. 
    What is the common factor to consider for the deduction on your pay stub called FICA?
  • 7. 
    The more exemptions you clam on your W-4 (Employee Withholding Allowance Certificate) the fewer taxes are taken from you monthly pay.
    • A. 

      True

    • B. 

      False

  • 8. 
    Define the term "Value"