5th Grade Financial Literacy

the total amount of personal income prior taxes and deductions

• Net Income

• Gross Income

the amount of money that a company withholds from its employees for the federal government as required by law

• Property Tax

• Income Tax

• Sales Tax

• Payroll tax

money paid to federal and/or state governments based on an individual's income as required by law

• Payroll tax

• Coupons

• Sales Tax

• Income Tax

the amount of money collected by a store (retailer), in addition to a good or service that was purchased, for the local government as required by law

• Payroll tax

• Coupons

• Sales Tax

• Income Tax

the income that remains after taxes and other deductions are taken from an individual's gross income

• Payroll tax

• Coupons

• Net Income

• Income Tax

money earned or received

• Expenses
• Income
• Deductions
• Check

Tags

CCSS.4.MD.A.2

CCSS.4.OA.A.3

the amount of money collected on the value of a property for a local government as required by law

• Sales Tax

• Property tax

• Income Tax

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

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

Tags

CCSS.7.RP.A.3

a written document telling the financial institution to pay someone

• Cash
• Card
• Check
• Debit 

payments using security features on the Internet

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