financial literacy

money earned or received

• Expenses
• Income
• Deductions
• Check

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Money paid to the government

• Budget
• Fees
• Taxes
• Food stamps

Tax on something you buy

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

Tax on money from a job, paid once a year on April 15 to the IRS

• Payroll tax
• Coupons
• Sales Tax
• Income Tax

a written document telling the financial institution to pay someone

• Cash
• Card
• Check
• Debit 

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

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

payments using security features on the Internet

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

when your expenses and Income are equal

• net income
• gross income
• balanced budget
• great