Junior Achievement Flashcards

Front

Money owed

Back

DEBT

Front

Fees for the support of government required to be paid by people and businesses

Back

TAXES

Front

A written order for a bank to pay money

Back

CHECK

Front

A card authorizing the holder to buy goods and services that can be paid for later

Back

CREDIT CARD

Front

Amount of monthly income remaining after all deductions have been taken (sometimes referred to as take home pay)

Back

NET MONTHLY INCOME (NMI)

Front

Income amount remaining after a year's worth of deductions have been taken

Back

NET ANNUAL INCOME (NAI)

Front

Plans that take a year or more to accomplish

Back

LONG TERM GOALS

Front

Tax paid to the state, federal, and local governments based on income earned over the past year

Back

INCOME TAX

Front

A fee paid or charged for the use of money or for borrowing money

Back

INTEREST

Front

A business that provides money-related services

Back

BANK