Financial Literacy Vocab

Which tax is based on the amount of money you earn?

• Sales Tax
• Property Tax
• Income Tax

Which method of payment may you have to pay interest?

• Cash
• Check
• Debit Card
• Credit Card

What is it called when your income equals your expenses?

• Financial Record
• Monthly Budget
• Balanced Budget

A card that may be used in place of a check to allow a payment to be made by your bank using money in your bank account.

• check
• ATM
• credit card
• debit card

Something that you pay is called....

• income
• an expense
• a profit
• savings

Tags

CCSS.7.RP.A.3

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

What is a card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services?

• Credit card
• Debit card
• ATM (automated teller machine)
• Check

money subtracted from an account

• withdrawal
• deposit
• transfer
• balance

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Money you receive after taxes is called:

• gross income
• net income
• salary
• pay day

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan