Financial Literacy

Which definition matches gross income?

• The amount of money made after deductions are taken out

• Money that you collect

• The amount of money made before deductions are taken out

• money that is earned as a result of work

Tags

CCSS.3.OA.D.9

Which definition matches Net income?

• money that is earned as a result of working

• The amount of money made before deductions are taken out

• The amount of money made after deductions are taken out

• Money that you collect

Which definition matches income?

• Money that you collect

• money that is earned as a result of working

• The amount of money made before deductions are taken out

• The amount of money made after deductions are taken out

What are property taxes?

• Money paid to the government based on money you earn

• Money an employer withholds from an employee’s paycheck

• A portion of the value of items that is paid to a city or government

• Money added to the cost of items or services

What is sales tax?

• Money added to the cost of items or services

• Money paid to the government based on money you earn

• A portion of the value of items that is paid to a city or government

• Money an employer withholds from an employee’s paycheck

Tags

CCSS.6.RP.A.3D

What is a payroll tax?

• Money paid to the government based on money you earn

• Money an employer withholds from an employee’s paycheck

• A portion of the value of items that is paid to a city or government

• Money added to the cost of items or services

What are income taxes?

• Money added to the cost of items or services

• Money paid to the government based on money you earn

• A portion of the value of items that is paid to a city or government

• Money an employer withholds from an employee’s paycheck

A deposit is money ______ your bank account

• taken out of

• put into

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

A withdrawal is money ________ of your bank account

• put into

• taken out

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Eliana earned $220 gross income last month.  She had to pay $13 for payroll tax and $27 for income tax.  How much was Eliana's net income?

• $260

• $193

• $180

• $40

Tags

CCSS.3.OA.D.8