Personal Finance Vocab

A tax that is added to the price of particular goods and services,

usually as a percentage of the purchase price.

• net income

• sales tax

• payroll tax

• electronic payment

Tags

CCSS.6.RP.A.3C

The cost required for something; the money spent on something.

• income

• financial records

• budget

• expenses

Tags

CCSS.L.4.6

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D

Tax levied (charged) by a government directly on income, especially an annual tax on personal income.

• net income

• income tax

• gross income

• payroll tax

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

The total amount of money a person or company receives after deductions or taxes are taken out. This is also referred to as “take home pay.”

• net income

• gross income

• property tax

• income

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

The tax or levy on property that the owner is required to pay.

• sales tax

• expenses

• income tax

• property tax

Tags

CCSS.7.RP.A.3

Formal documents representing the transactions (earnings/expenses; cash flow) of a business, individual or other organization.

• property tax

• electronic payment

• financial records

• sales tax

The tax or levy that is paid by a company based on the amount of money that the company spends paying all of its employees.

• sales tax

• payroll tax

• property tax

• budget

Tags

CCSS.7.RP.A.3

The total amount of money a person receives before any deductions or allowances are taken out.

• gross income

• net income

• sales tax

• expenses

Tags

CCSS.7.RP.A.3

A plan for the income a person or company receives and has allotted for spending and

how it will be spent such as for rent, gas, groceries, clothing, etc.

• income

• budget

• expenses

• payroll tax

money received, especially on a regular basis, for work or through investments.

• expenses

• property tax

• income

• electronic payment

Tags

CCSS.L.4.6

CCSS.RI.4.4

CCSS.RI.5.4

CCSS.W.4.2D

CCSS.W.5.2D