Financial Literacy Vocabulary

money paid to the government

• taxes

• income tax

• payroll tax

• sales tax

a tax based on the amount of money you earn

• sales tax

• payroll tax

• property tax

• income tax

Tags

CCSS.7.RP.A.3

the total tax an employer withholds from your paycheck

• property tax

• sales tax

• payroll tax

• income tax

the tax added to the cost of items and services

• income tax

• payroll tax

• sales tax

• property tax

a tax based on the value of property

• sales tax

• property tax

• payroll tax

• income tax

total income before taxes are taken out

• net income

• gross income

• income tax

• sales tax

Tags

CCSS.7.RP.A.3

amount of income left over after taxes are taken out

• net income

• gross income

• income tax

• property tax

Tags

CCSS.7.RP.A.3

money put into a person's account

• debit card

• income

• deposit

• withdrawal

a card that allows you to buy things and pay immediately with money from your bank account

• credit card

• debit card

• deposit

• budget

a card that allows you to buy things now and pay for them later with interest

• credit card

• debit card

• net income

• budget