JA Financial Park

The purpose of taxes is to

• Improve society

• give an income to the government

• support society

Net Annual Income

• the amount one person spend in a year

• the amount one saves in a year

• the one earns in a year after all deductions

Net income is

• after all deductions

• before all deductions

gross income is

• after all deductions

• before all deductions

Buying bonds is a type of saving

• True

• False

Buying stocks is NOT saving

• True

• False

A bank is an example of a

• bond

• how one spends money

• ATM

• financial institute

this allows for immediate deduction from a checking/savings account

• Credit card

• Savings account

• Debit card

• Visa gift card

Employees who have __________ earn more money than those without this

• graduated high school

• car

• Income tax

Food and water are examples of

• wants

• needs