Financial Literacy PT 1 FLASHCARD

Front

What is subtracted out of a paycheck?

Back

Deductions

Front

Which type of deduction is chosen by the worker?

Back

Voluntary

Front

What document provides details about your earnings?

Back

Paystub

Front

What is a way to keep money longer?

Back

Save

Front

What is a way to put your money to work earning more? Options: Save, Spend, Invest, Donate

Back

Invest

Front

What is the term for pay that you earn before deductions?

Back

Gross Pay

Front

What do you need to have in order to earn money?

Back

Job

Front

Which type of deduction is not chosen by the worker? Options: Voluntary, Optional, Involuntary, Selective

Back

Involuntary

Front

What is the term for the amount earned per year?

Back

Salary

Front

What is used to calculate or prioritize spending?

Back

Budget