Geometry and Personal Financial Literacy

Match the following

• credit card

• written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee

• debit card

• card issued by bank that transfers moeny from your bank to another bank

• check

• a loan issued by a bank that uses a plastic card

• net income

• income before deductions

• gross income

• income after deductions

Match the following

• sales tax

• a tax paid on property owned by an individual or other legal entity

• payroll tax

• a spending plan based on income and expenses

• simple budget

• act of subtracting something

• deductions

• tax on sales or on the receipts from sales.

• property tax

• the taxes employees and employers pay on wages, tips, and salaries

Match the following

• fixed expense

• allow customers to pay for goods and services electronically

• allocate

• n expense whose total amount does not change when there is an increase in an activity such as sales or production

• electronic payment

• an expense that changes in proportion to production output or sales

• financial records

• distribute (resources or duties) for a particular purpose

• variable expense

• documents that provide evidence of or summarize business transactions

​ (a)   allowance ​ (b)   is just what it sounds like:​ (c)   give​ (d)   a set amount of ​ (e)   to spend each week.

• Weekly
• budgeting
• Individuals
• themselves
• money

​ (a)   is a financial ​ (b)   , especially the ​ (c)   between the amount ​ (d)   and the amount ​ (e)   in buying, operating, or producing something.

• Profiit
• gain
• difference
• earned
• spent

​ (a)   capital are the ​ (b)   , ​ (c)   , and ​ (d)   possessed by an individual or population, viewed in terms of their ​ (e)   or cost to an organization or country.

• Human
• skills-1
• knowledge-2
• experience-3
• value

The​ (a)   rate is the amount a​ (b)   charges a​ (c)   and is a​ (d)   of the​ (e)   —the amount loaned.

• interest
• lender
• borrower
• percentage
• principal

f

e

c

b

a

g

h

d

expense (tr)

cash (1)

buildings(2)

rent(1)

patents(3)

asset (tl)

electric bill (3)

car insurance(2)

Why is having a ​ (a)   important? (It’s important to make sure your ​ (b)  

are not ​ (c)   than your ​ (d)   . It’s also important to ​ (e)   for savings so that

you can have the things you want in the future.)

• budget
• expenses
• greater
• income
• plan

What may happen if you do not stick to your budget? (If you don’t stick to your

​ (a)   , you may not have ​ (b)   money for the things you ​ (c)   and for the

things you want. It’s important to take care of your ​ (d)   before taking ​ (e)   of

your wants.)

• budget
• enough
• need
• needs
• care