Financial Literacy Vocabulary

Front

What is the additional money paid for items/services that are bought?

Back

Sales Tax

Front

What do we call the things that are paid for, such as bills, groceries, and savings?

Back

Expenses

Front

What is it called when expenses and income are equal?

Back

Balanced Budget

Front

What is the additional money paid for land or any buildings on the land?

Back

Property Tax

Front

What is the money paid by an employee on the money they earn?

Back

Income Tax

Front

What is a plan for managing income and expenses?

Back

Budget

Front

What is the total amount of money earned before any deductions?

Back

Gross Income

Front

What is the total amount of money earned after deductions?

Back

Net Income

Front

What is a tax based on the value of property owned?

Back

Property Tax

Front

What is the money that a business earns from selling goods or services?

Back

Revenue