Financial Literacy

Front

What is Gross Income?

Back

The total amount of personal income before taxes and deductions.

Front

What is Income?

Back

Money earned or received.

Front

What is the stock symbol for the Walt Disney Company?

Back

DIS

Front

If you earn $65,000 per year, what income tax bracket will you be in?

Back

22%.

Front

When you buy a stock, what are you buying a small piece of?

Back

Ownership in a company.

Front

What is Net Income?

Back

The amount of money left after all deductions and taxes have been taken from gross income.

Front

What are Expenses?

Back

The costs incurred in the process of earning income.

Front

What is a Dividend?

Back

A portion of a company's earnings distributed to shareholders.

Front

What does it mean to invest?

Back

To allocate money in order to generate a profit or income.

Front

What is a Budget?

Back

A plan that outlines expected income and expenses over a specific period.