Financial Literacy

Front

income

Back

money earned

Front

tax

Back

money paid to the government in exchange for services

Front

payroll tax

Back

money an employer withholds from an employee's earning

Front

sales tax

Back

money added to the cost of items or services; rate varies from states and cities

Tags

CCSS.6.RP.A.3D

Front

property tax

Back

money paid to the local government based on property owned

Front

net income

Back

income left after taxes are taken out of the gross income

Front

gross income

Back

income before any taxes are taken out of it

Front

check

Back

a written and signed paper for a bank asking that a sum of money be paid out of an account

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

Front

budget

Back

an organized plan for spending and saving money

Front

debit card

Back

a card issued by a bank that allows a user to immediately withdraw money from an account