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Oak CitizenshipTest · Citizenship

How much of our pay goes to the Government?

The starter and exit quiz of the lesson “How much of our pay goes to the Government?”, from the unit “What has the UK economy got to do with me?” (Year 10 Citizenship) by Oak National Academy.

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Oak National Academy

12 questions

  1. Fill in blank: Financial ___ involves making informed decisions about budgeting, saving and avoiding debt.
  2. What is the purpose of a savings account?
  3. What is a budget?
  4. Fill in the blank: A debit card allows you to spend directly from your bank account, while a ___ card lets you repay money later.
  5. Match the word to the correct definition.
  6. Fill in the blank: ___ is deception for financial gain, often through scams that steal money or personal information.
  7. Match each word to its correct definition.
  8. Fill in the blank: All deductions, such as taxes, are taken from your ___ before you are paid.
  9. Which is **not** included on a payslip aside?
  10. National Insurance is calculated on earning above what amount?
  11. Fill in the blank: A ___ is a long-term savings plan that provides you with an income after you retire.
  12. What kind of taxation system does the UK operate, according to the Government's band system?

License: OGL