Financial Literacy Vocabulary

money paid to federal and/or state governments based on the individual's income as required by law

• income tax

• property tax

• payroll tax

• sales tax

the amount of money collected by a store in addition to a good (clothes, shoes, games) or service (oil change, haircut)

• property tax

• payroll tax

• sales tax

• income tax

Tags

CCSS.5.NF.A.1

CCSS.5.NF.A.2

the amount of money a company withholds from pay for federal government.

• income tax

• income tax

• payroll tax

• sales tax

the amount of money collected on the value of a property (land or home) for local government.

• payroll tax

• property tax

• income tax

• payroll tax

Tags

CCSS.6.RP.A.3B

the income that remains after taxes and deductions

• gross income

• income

• net income

• budget

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

money earned or received

• gross income

• net income

• income

• expense

Tags

CCSS.6.RP.A.3B

the total amount of person income before taxes (income, payroll) and deductions (insurance)

• income

• gross income

• net income

• register

a written document telling the back to pay a specific amount

• credit card

• debit cart

• check

• electronic payment

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

a card linked to your checking account so you can withdraw money or purchases

• credit card

• debit card

• electronic payment

• check

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

a card that can be used to borrow money from a bank or store

• check

• debit card

• electronic payment

• credit card

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4