LESSON 12 NUMBERS AND BUDGETS

To have financial literacy means:______________.

• To have financial skills

• To know how to work

• To earn money

Your life as a student is a stepping stone to prepare for your _____________future.

• Unexpected

• Dependent

• Independent

It is not important to have a talk with your parents or legal guardians about who is going to pay for tuition, materials or living arrangements.

• True

• False

They are mandatory contributions that citizens and residents of a country have to pay to their government.

• Scholarships

• Taxes

• Tuition

Why is it important for you to know about taxes?

• General knowledge

• Because when you start a job, you pay taxes

• Nothing

You pay these taxes on any money you make, either by working, or by any other means, like inheritance or monetary gifts.

• INCOME TAXES

• SERVICES AND GOODS TAXES

• PROPERTY TAXES

They are amounts of money that you borrow and that is expected for you to pay back.

When it comes to students, they charge a lower interest over a larger period of time.

• Scholarship

• Student loan

• Tuition

The additional percentage you have to pay back to the school:______________.

• Interests

• Scholarship

• Annual cost of tuition

Tuition means:____________

• Interests you pay to your school

• The same as scholarship

• What you pay to your school

One thing that will help you develop professional skills early on is a student a job or an __________________.

• International trip

• Internship

• Tuition