College Financial Literacy

Front

A plan for using money is called a ___________

Back

budget

Front

The money you earn is called

Back

income

Front

Money you receive before taxes is called:

Back

gross income

Front

Money you receive after taxes is called:

Back

net income

Front

What type of tax do you pay for Cheetos and soda?

Back

sales tax

Front

Which type of tax is taken directly out of your paycheck? Options: payroll tax, income tax, paycheck tax, sales tax

Back

payroll tax

Front

Which type of tax do you pay once a year on any money you've earned (job, lottery, etc)? Options: payroll tax, income tax, sales tax, property tax

Back

income tax

Front

Monthly Netflix bill

Back

Fixed expense

Front

Buying a new pair of shoes

Back

Variable expense

Front

What is the current amount of money in your bank account called? Options: balance, debt, withdrawal, payment

Back

balance