Financial Literacy Vocabulary -Orangefield

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

• Income Tax

• Property Tax

• Payroll Tax

• Sales Tax

The amount of money collected on the value of a property for local government.

• Payroll Tax

• Income Tax

• Property Tax

• Sales Tax

The amount of money a company with holds from pay for federal government.

• Income Tax

• Sales Tax

• Property Tax

• Payroll Tax

The amount of money collected by a store in addition to a good or service.

• Payroll Tax

• Sales Tax

• Income Tax

• Property Tax

The income that remains after taxes and deductions

• Net Income

• Income

• Gross Income

Money earned or received

• Net Income

• Gross Income

• Income

The total amount of personal income before and deductions.

• Gross Income

• Net Income

• Income

A written document telling the bank to pay a specific amount.

• Electronic Payment

• Credit Card

• Check

• Debit Card

A card that can used to borrow money from a bank or store

• Credit Card

• Check

• Debit Card

• Electronic Payment

A card linked to your checking account so you can withdraw money or purchases

• Debit Card

• Electronic Payment

• Credit Card

• Check