personal finance

money people pay to support the government

• taxes

• paychecks

• savings

the total amount of money you earn

• gross income

• net income

Tags

CCSS.8.F.A.2

the amount of money you receive after deductions are subtracted from your gross income

• gross income

• net income

money taken out of your account

• debit

• deposit

money put into your account

• deposit

• debit

the money in your account

• debit

• deposit

• balance

occurs when the total amount of money spent, saved, and shared equals total income

• balanced budget

• low budget

a plan for how much income will be received and how it will be spent

• budget

• grocery list

• shopping list

Tags

CCSS.8.F.A.3

a tax on retail products based on a set of percentage of retail cost

• sales tax

• property tax

• income tax

is paid when you own property, such as a home

• income tax

• sales tax

• property tax

• payroll tax