Financial LIteracy

Front

What type of tax does Jonathan have to pay for his new clothes costing $572.50 before tax? Options: Income Tax, Property Tax, Payroll Tax, Sales Tax

Back

Sales Tax

Front

Items that are owned by an individual

Back

assets

Front

A plan for spending

Back

budget

Front

A voucher entitling its user to a cash refund

Back

coupon

Front

The cost required to buy an item or service

Back

expenses

Front

A family plan for spending

Back

family budget

Front

Debts that are owed by an individual

Back

liabilities

Front

The value of one's assets minus one's liabilities

Back

net worth

Front

The amount paid or earned for the use of money.
The formula is I = prt

Back

Simple interest

Front

Which is an example of a variable expense?

Back

electricity bill