Financial Literacy Vocab

Property Tax

• The tax taken out of your monthly paycheck

• The tax on your home, land, or business

• Tax paid when you purchase a good or service

• Tax paid yearly on your entire income

Deposit

• Taking money out of the bank

• Loaning money to a friend

• Paying tax on goods or services

• Putting money into the bank

Tax taken out of your monthly paycheck is called

Gross Income is

• the amount of money you make before deductions

• The amount of money you make after deductions

• something gross

• Tax paid yearly to the government

What is Net Income?

Total Income = Total expenses is a

Tax that is paid to the government based on yearly income

• Payroll Tax

• Income Tax

• Sales Tax

• Property Tax

What is sales tax?

Tags

CCSS.6.RP.A.3D

My Balance is

• balance beam

• How well I can stand on one foot

• The amount of the money in your bank account

• income tax

Money taken out of the bank using a card is called a

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4