Financial Literacy

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

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

money earned or received

• Expenses
• Income
• Deductions
• Check

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Which method of payment may you have to pay interest?

• Cash
• Check
• Debit Card
• Credit Card

a written document telling the financial institution to pay someone

• Cash
• Card
• Check
• Debit 

the income that remains after taxes and other deductions

• Net Income
• Gross income

a bankcard linked to an individual’s checking account 

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

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

• $840
• $40
• $98
• $4

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

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

A fixed, regular income usually paid out once or twice a month.

• Daily

• Salary

• Hourly

• Annual