Financial Literacy

Front

What are taxes?

Back

Required payments to the government

Front

Net Pay: The amount of pay ________________ taxes, benefits, or other deductions are taken out of the wages. This amount will be paid to the employee on their paycheck.

Back

after

Front

What is interest?

Back

A fee received or paid for the use of money

Front

What is a credit union?

Back

A not-for-profit cooperative that offers bank services and is owned by its members

Front

What is a bank?

Back

A for-profit institution that offers personal loans, mortgages, and other services

Front

What does it mean to invest?

Back

To commit money to gain a profit or earn interest.

Front

What are wants?

Back

Goods or services that make people more comfortable or content but which are not necessary for survival

Front

What are expenditures?

Back

Money that is spent on goods, services, and bills

Front

What does it mean to lease a car?

Back

Make monthly payments for a period of time to use the car, then return it when your contract is up.

Front

A pay stub is a record of an employee’s ______________________ , ______________________ , ______________________ .

Back

wages, deductions, taxes