Financial Literacy

Gross Income

• Money received on a regular basis for work or through investments

• Income before tax deductions

• Income after tax deductions

Net Income

• Money received on a regular basis for work or through investments

• Income before tax deductions

• Income after tax deductions

The ideals that are important to you and your career choice

• Values

• Wants

• Needs

The possibility of financial loss or physical harm

• Taxes

• Debt

• Risk

A social insurance system that provides benefits to most Americans who are retired, disabled, or families of those that have died.

• Income Taxes

• Social Security

• Financial Literacy

Budget

• A record of income and spending and a plan for managing money.

• Goods or services that make people more comfortable or content but are not necessary for survival.

• To commit money to gain a profit or interest.

Goods or services that people cannot survive without (food or water)

• Values

• Wants

• Needs

Goods or services that make people more comfortable but are not necessary for survival (eating at restaurants)

• Values

• Wants

• Needs

Income

• Money received on a regular basis for work or through investments

• Money owed

• Required payments to a government

Taxes

• Money owed

• Required payments to the government

• Money received on a regular basis for work or through investments