Financial Literacy Vocabulary

The total tax an employer holds from a paycheck

• Sales Tax

• Payroll Tax

• Property Tax

• Net Income

Amount of money put into an account

• Deposit

• Net Income

• Withdrawal

• Income Tax

Your total income before taxes are taken out

• Deposit

• Income Tax

• Net Income

• Gross Income

Is based on the amount of money you earned

• Sales Tax

• Income Tax

• Property Tax

• Net Income

The amount of money left after taxes

• Income Tax

• Net Income

• Gross Income

• Deposit

Money added to the cost of an item

• Property Tax

• Sales Tax

• Income Tax

• Deposit

The amount taken out of an account

• Income Tax

• Payroll Tax

• Deposit

• Withdrawal

A written order asking a bank to pay a certain amount from account

• debt card

• check

• credit card

• withdrawal

An estimate of income and spending for some period of time

• Budget

• Debt card

• Net income

• Gross Income

Portion of the value of items

• Income Tax

• Payroll Tax

• Sales Tax

• Property Tax