financial literacy for teens

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

Tags

CCSS.7.RP.A.3

Tax the boss takes out of your check for social security and medicare

• Property Tax
• Income Tax
• Sales Tax
• Payroll tax

Tags

CCSS.6.RP.A.3D

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Tags

CCSS.6.RP.A.3B

money earned or received

• Expenses
• Income
• Deductions
• Check

Tags

CCSS.6.NS.C.5

a card that can be used to borrow money from financial institutions,

• debit card
• credit card
• check card
• cash card

payments using security features on the Internet

• Gross payment
• Electronic payment
• no payment
• computer payment

Financial Literacy is having the knowledge, understanding, and skills necessary to become an effective consumer.

• True
• False

Using a credit card allows you to...

• put money into a savings account.
• purchase something now and pay for it later.
• take money directly from your checking account.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

A credit card company usually has a grace period for purchases. A grace period is...

• the time period after you make a purchase until the time the interest starts to get charged.
• the time period where interest builds on the amount you purchased.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Annual fee definition

• When you withdraw money from the ATM and it charges you $1.50.
• When a credit card company charges you a fee each YEAR

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C