Personal Financial Literacy

a yearly federal tax on the earnings of a person or business

• Sales tax

• Payroll tax

• Income tax

• Property tax

a yearly tax on homes, land, and other property that helps pay for local needs such as schools, firefighters, etc.

• Sales tax

• Payroll tax

• Income tax

• Property tax

Tags

CCSS.7.EE.B.3

money an employer withholds from a worker’s paycheck to fund federal programs such as Social Security and Medicare

• Sales tax

• Payroll tax

• Income tax

• Property tax

a city or state tax added to the price of an item; collected by the seller

• Sales tax

• Income tax

• Property tax

• Payroll tax

Tags

CCSS.6.RP.A.3D

A card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time.

• Check

• Credit card

• Debit card

• Electronic Payment

Written document asking a bank to pay a certain amount

from your account.

• Check

• Credit card

• Debit card

• Electronic Payment

A card issued by a bank that allows a user to

immediately use money from an account. You have a personal identification number (PIN) to keep it safe.

• Check

• Credit card

• Debit card

• Electronic Payment

Your total pay/income before taxes are taken out of it.

• Gross income

• Net income

the total amount of money a worker takes home after taxes and other deductions are withheld

• Gross income

• Net income

a payment, made over the Internet, that allows money to be taken directly from a consumer’s bank account

• Check

• Credit card

• Debit card

• Electronic Payment