Financial Literacy Review

What is money people pay to support the government...

• taxes

• paychecks

• savings

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

What is the total amount of money you earn before deductions...

• gross income

• net income

Tags

CCSS.6.RP.A.3B

What is the amount of money you receive after deductions are subtracted from your gross income...

• gross income

• net income

Tags

CCSS.7.RP.A.3

What is money taken out of your account called?

• withdrawal

• deposit

What is money put into your account called?

• deposit

• withdrawal

Tags

CCSS.6.NS.C.5

The money in your account is called...

• paycheck

• deposit

• balance

Tags

CCSS.4.MD.A.2

How do you calculate net income?

• Gross pay - Deductions

• Gross pay + Deductions

Tags

CCSS.6.NS.B.3

What is a plan for how much income will be received and how it will be spent?

• budget

• grocery list

• shopping list

Tags

CCSS.7.RP.A.3

CCSS.7.EE.A.1

CCSS.7.EE.B.4

What is a tax on retail products based on a set of percentage of retail cost?

• sales tax

• property tax

• income tax

Tags

CCSS.6.RP.A.3C

What is paid when you own property, such as a home?

• income tax

• sales tax

• property tax

• payroll tax