5th Financial Literacy Vocab

city or state tax added to the price of an item

• sales tax

• property tax

• payroll tax

• income tax

Tags

CCSS.6.RP.A.3D

a yearly tax on land, homes, or other property

• sales tax

• income tax

• property tax

• payroll tax

Tags

CCSS.7.EE.B.3

a yearly federal tax on a person's income

• sales tax

• property tax

• payroll tax

• income tax

or organized plan for spending and saving money

• expenses

• budget

• profit

• withdrawal

money received in a particular time period in exchange for work

• income

• losses

• balanced

• asset

Tags

CCSS.7.RP.A.3

the total amount of income from wages before any taxes, or deductions, are removed

• net income

• profit

• gross income

• deposit

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

the amount of money a person takes home after taxes and other deductions

• property

• net income

• profit

• gross income

Tags

CCSS.6.RP.A.3B

money withheld from an employee's pay check to pay for federal program

• income tax

• sales tax

• property tax

• payroll tax

Tags

CCSS.7.RP.A.3

to remove money from an account

• loss

• deposit

• withdraw

• profit

to add funds to an account

• deposit

• withdraw

• property

• bank