Financial Literacy

money earned or received

• Expenses
• Income
• Deductions
• Check

Tags

CCSS.7.RP.A.3

Tax the boss takes out of your check for social security and medicare

• Property Tax
• Income Tax
• Sales Tax
• Payroll tax

Tags

CCSS.7.EE.B.4

CCSS.7.RP.A.3

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

the income that remains after taxes and other deductions

• Net Income
• Gross income

Tags

CCSS.7.RP.A.3

a written document telling the financial institution to pay someone

• Cash
• Card
• Check
• Debit 

a card that can be used to borrow money from financial institutions,

• debit card
• credit card
• check card
• cash card

Money taken out your income

• gross
• net
• deductions
• expenses

Tags

CCSS.7.RP.A.3

a bankcard linked to an individual’s checking account 

• debit card
• credit card
• check card
• electronic card

Tags

CCSS.7.RP.A.3

Tom's net income was $400.  His gross income was $440.  How much was taken out for deductions?

• $840
• $40
• $98
• $4

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Jill earned $220 gross income last month.  She had to pay $13 for payroll tax and $27 for income tax.  How much was Jill's net income?

• $260
• $193
• $180
• $40

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3