
Financial Literacy Flashcards
Flashcard
•
Education
•
5th - 6th Grade
•
Practice Problem
•
Hard
Ronald Howard
Used 1+ times
FREE Resource
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50 questions
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1.
FLASHCARD QUESTION
Front
The total pay you "take home" from a paycheck after taxes and deductions are taken out is known as what?
Back
Net pay
2.
FLASHCARD QUESTION
Front
Which tax form do employers use to determine how much tax to deduct from a paycheck?
Back
w-4
3.
FLASHCARD QUESTION
Front
Which tax form is used to inform employees of how much money (tax) was deducted from paychecks throughout the year?
Back
w-2
4.
FLASHCARD QUESTION
Front
What will be paid for as part of the escrow funds included in a mortgage loan?
Back
Property tax
5.
FLASHCARD QUESTION
Front
Amount of your paycheck before taxes or other deductions are taken out.
Back
Gross Pay
6.
FLASHCARD QUESTION
Front
What documentation is needed when seeking to open a bank account?
Back
Government - issued identification
7.
FLASHCARD QUESTION
Front
When you purchase a product at the store, what additional cost must be paid in addition to the price of the product?
Back
Sales tax
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