Financial Literacy

Something that you pay is called....

• income
• an expense
• a profit
• savings

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

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.6.4

CCSS.RI.7.4

CCSS.RI.8.4

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

Tags

CCSS.7.RP.A.3

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Tags

CCSS.6.RP.A.3B

Tax on something you buy

• Sales Tax
• Property tax
• income tax
• payroll tax

Tags

CCSS.7.EE.B.3

the income that remains after taxes and other deductions

• Net Income
• Gross income

Tags

CCSS.7.RP.A.3

payment for goods and services, what you spend

• Income
• taxes
• expenses
• credit card

a bank card linked to an individual’s checking account

• debit card

• credit card

• check card

• electronic card

Tom's net income was $400.  His gross income was $440.  How much was taken out for deductions?

• $840
• $40
• $98
• $4

Tags

CCSS.7.NS.A.3