Financial Literacy Vocabulary Terms

What is the income BEFORE taxes are taken out? (a)  

• net income
• gross income
• tax income
• my income

Tags

CCSS.7.RP.A.3

What is the income AFTER taxes are taken out?

• net income

• gross income

• tax income

• my income

Tags

CCSS.6.RP.A.3D

Money added to the cost of items or services.

• payroll tax

• property tax

• income tax

• sales tax

Tags

CCSS.6.RP.A.3D

Money an employer withholds from an employee's earnings. (a)  

• payroll tax
• property tax
• income tax
• sales tax

Money paid to a city, town, or state government or to the U.S. government based on income.

• payroll tax

• property tax

• income tax

• sales tax

Tags

CCSS.7.RP.A.3

An identification card issued by a bank that allows a user to immediately remove money from an account.

• credit card

• debit card

• id card

• drivers license

Money earned

• income

• interest

• loan

• tax

An organized plan for spending and saving money.

• bank

• budget

• borrow

• income

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

An identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time. The bank might charge interest in exchange for the use of the money.

• debit card

• credit card

• id card

• income card

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

take money out of an account

• withdrawal

• deposit

• tax

• interest

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4