Financial LIteracy

Front

What is the value of one's assets minus one's liabilities?

Back

Net worth

Front

What is a plan for spending called?

Back

Budget

Front

Sales tax is __________ to the price.

Back

Added

Front

What is a voucher entitling its user to a cash refund?

Back

Coupon

Front

If a raincoat costs $39.99 and has a sales tax rate of 7%, what is the final price (with tax)?

Back

$42.79

Front

What do we call the money earned from work or investments?

Back

Income

Front

What is the term for the total amount of money spent?

Back

Expenses

Front

What is the term for a tax added to the sale of goods and services?

Back

Sales tax

Front

What is the difference between gross income and net income?

Back

Net income is gross income minus taxes and other deductions.

Front

What is a financial plan that outlines expected income and expenses?

Back

Budgeting