Everfi Future Smart Part 3-Ways to Pay

income earned on an hourly basis; paid for the amount of time you work

• wage

• salary

Tags

CCSS.RI.5.2

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.6.2

card that connects directly to your checking account; purchases you make with this card are immediately subtracted from your bank account

• debit card

• credit card

a card where purchases are a loan from the company or bank that issues the card

• debit card

• credit card

the fee you are charged for borrowing money

• interest

• credit score

a tax that pays for healthcare for people aged 65 and over

• social security

• medicare

a tax that pays people who are currently retired and for the future retired population

• social security

• medicare

tax paid to the federal government; used to fund government services such as health care, national defense, and scientific programs, like NASA

• Federal Income Tax

• State Income Tax

tax paid to the state where you live or work; helps to support schools, maintain roads, and keep people safe

• Federal Income Tax

• State Income Tax

the amount of money you take home after taxes are taken out

• gross pay

• net pay

Tags

CCSS.6.NS.B.3

the amount of money you make before taxes are taken out

• gross pay

• net pay

Tags

CCSS.6.NS.B.3