5th Grade Financial Literary

What is the money added to the cost of items and services. It is usually paid when an item is purchased.

• income tax

• sales tax

• property tax

• net income

a portion of the value of items. It can be charged on things such as cars, houses, boats, or land. This kind of tax is paid once or several times a year as long as a person owns the item

• Property tax

• Sales Tax

• income tax

• net profit

is your total income or other payroll taxes are taken out of it.

• Net Income

• Gross Income

• Payroll Tax

• Sales tax

is the amount that is left after taxes.

• Gross Income

• Net Income

• Payroll

• Property tax

an identification card issued by a bank that allows a user to immediately use money from an account. You have a personal identification number (PIN) to keep it safe

• Check

• Credit Card

• Debit Card

is a written order asking a bank to pay a certain amount from your account. Sometimes it takes several days for a bank to pay the amount to come out of your account.

• Check

• Credit Card

• Debit Card

is an identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time. The bank might charge the user interest in exchange for the use of the money.

• Check

• Credit Card

• Debit Card