Personal Finance Vocabulary

Which is NOT a kind of tax?

• payroll

• property

• rent

• income

All the money you earn before taxes are deducted.

• net income

• gross income

• taxes

• EFT

money paid to the government based on property owned; pays for roads and schools

• income tax

• payroll tax

• property tax

• social security

Money that you earn

• expenditures

• debit

• credit

• income

Tags

CCSS.L.11-12.6

CCSS.L.6.6

CCSS.L.8.6

CCSS.RI.5.4

CCSS.W.9-10.2D

Money withheld from a person's check by their employer

• net income

• payroll tax

• income tax

• gross income

all the money you earn MINUS taxes and insurance

• net income

• social security

• gross income

• medicare

FIXED expenses...

• change every month

• get bigger every month

• stay the same every month

• get smaller every month

The cost of GROCERIES is an example of a...

• variable expense

• form of income

• tax

• fixed expense

You want to buy a new phone. It is normally $1000, but next month it will be 25% off (and you won't have to pay taxes). How much will you pay for the phone?

• $500

• $625

• $750

• $1250

Tags

CCSS.6.RP.A.3C

Nick needs a new car. It will cost $10,000 and he needs to pay 7% sales tax. How much will the final cost be?

• $700

• $9,300

• $10,070

• $10,700

Tags

CCSS.6.RP.A.3C