Life Skills

Gross income is:

• the total amount of money you earn

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Tags

CCSS.3.OA.D.9

Net income is:

• the total amount of money you earn

• the amount of money you receive after deductions are subtracted from your gross income

• the amount of money that is taken away in the form of taxes

• the hourly rate of pay

Tags

CCSS.7.RP.A.3

Net Income is?

• After Tax

• Before Tax

• Sales Tax

• Property Tax

Tags

CCSS.7.RP.A.3

the suggested retail price by the manufacturer of the car

• principal

• APR

• down payment

• MSRP

the company that built the car is called ___________

• make

• model

• manufacturer

• MSRP

Tags

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

What does "make" refer to?

• the brand or company that made the car (Ford, Toyota, Honda...)

• the specific vehicle type (convertible, coupe, hatchback...)

• the year the car was manufactured

• the year you purchased the car

Tags

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.5

Which is NOT an expense of owning a car?

• Repairs & maintenance

• Gasoline

• License & registration fees

• Utilities

Financing a vehicle has advantages & disadvantages. Which is a disadvantage?

• You need a small amount of money upfront compared to buying the car

• You pay interest and fees on borrowed money

• Your credit score is not taken into consideration

• You have more flexibility to pay the car off over time

It is important to comparison shop when purchasing a car. What does comparison shop mean?

• Always buy from a local dealership

• Take several photos to use for comparison

• Compare the true market value of every vehicle

• Compare the price & quality from different vendors

Tags

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

If you want to build work experience directly after high school, you could...

• Start an entry-level job

• Attend a four-year college

• Find an apprenticeship

• Volunteer once a year