Financial Literacy Vocabulary

A person or organization that pays people to work for them.

• overtime

• employee

• employer

• worker

Amounts that are subtracted from your paycheck are called...

• credit ratings

• deductions

• allowances

• subtractions

Taxes imposed by local governments (cities, counties, school districts, etc.) are called...

• pay stubs

• sales tax

• property tax

• local tax

Tax paid to the federal government that is used for federal programs like defense and education are ...

• federal tax

• property tax

• local tax

• debit cards

A contract granting the use or occupation of a property, automobile, machine, equipment, game, or decorations during a specified time for a specified payment is ...

• a utility

• a lease

• cost of living

• a loan

A person's reputation for paying bills on time is called...

• influence

• alias

• credit rating

• credit

An amount of money given to a borrower for a set period of time.

• a loan

• a gift

• a wage

• net pay

Any education or training following high-school is called...

• college

• vocation

• post secondary education

• primary education

A worker who is hired to preform a job is called...

• employer

• trainer

• employee

• worker

Amount of income left after taxes and deductions have been taken out, also called take home pay.

• debit

• pay

• net pay

• gross pay