Mod 13 Vocab Flashcard

Front

Money paid by the bank for borrowing your funds.

Back

Interest

Front

Worker's pay before deductions.

Back

Gross Pay

Front

To subtract from the total amount.

Back

Deductions

Front

Money in a savings account or borrowed amount.

Back

Principal

Front

Annual government tax on personal incomes.

Back

Income Tax

Front

Employee pay sent to the federal government as part of yearly income tax.

Back

Federal Withholding

Front

A percent of total cost of goods/services (tax by state/local government).

Back

Sales Tax

Front

Interest on principal and earned interest (grows money faster)

Back

Compound Interest

Front

Interest on principal (slower earnings)

Back

Simple interest

Front

Unit rate for comparing prices (Amount for ONE)

Back

unit price