Financial Literacy Vocabulary Quiz

What is the income BEFORE taxes are taken out?

• net income

• gross income

• tax income

• my income

What is the income AFTER taxes are taken out?

• net income

• gross income

• tax income

• my income

An order in writing to a bank asking that a certain sum of money be paid out of one's account.

• debit card

• credit card

• check

• deposit

A portion of the value of items that is paid to a city or state government. This tax can be charged on things such as cards, houses, boats, or land.

• payroll tax

• property tax

• income tax

• sales tax

Money added to the cost of items or services.

• payroll tax

• property tax

• income tax

• sales tax

Money an employer withholds from an employee's earnings.

• payroll tax

• property tax

• income tax

• sales tax

Money paid to a city, town, or state government or to the U.S. government based on income.

• payroll tax

• property tax

• income tax

• sales tax

An identification card issued by a bank that allows a user to immediately remove money from an account.

• credit card

• debit card

• id card

• drivers license

The additional money paid by a borrower to a lender in exchange for the use of the lender's money (example-credit card).

• net

• gross

• interest

• sales

Money earned

• income

• interest

• loan

• tax