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WorksheetsCareer Readiness Financial Literacy
Total questions: 20
Worksheet time: 20mins
money earned or received
Expenses
Income
Deductions
Check
the total amount of personal income before taxes and deductions
Net Income
Gross Income
the income that remains after taxes and other deductions
Net Income
Gross income
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
payment for goods and services, what you spend
Income
taxes
expenses
credit card
What is saving?
Accumulation of excess funds by intentionally spending less than you make
Cash set aside to cover the cost of unexpected events
A monetary asset that contributes to your net worth
Money available today that is worth more if received in the future
What is credit?
Receiving goods and services now and paying for them later
The process of depositing money into your savings the day you receive it so you have savings later
Having ownership of a company based on how many stocks you have bought
Accumulating money each month for emergencies
Ms. Calandra was going on a vacation. She took some money out of her account to pay for her trip. She made a _______________ from her bank account.
deposit
withdrawal
debit
deduction
Ms. Guillory sold some of her son's old toys and earned $56. She went to the bank and added the money to her account. She made a _________________ to her account.
deposit
withdrawal
debit
deduction
Credit cards and debit cards are essentially the same thing.
True
False
A plan for spending
income
expenses
sales tax
budget
What is money borrowed that must be repaid, usually with interest?
loan
check
checking account
savings account
Paper money and coins
Cash
Card
Check
Debit
This is a booklet with a table for recording information about checks written and other deposits and withdrawls from a checking account
Account Balance
Check Register
Impulse Buying
Comparison Shopping
A buying decision made by customers on the spot when they see the merchandise
Account Balance
Check Register
Impulse Buying
Comparison Shopping
A crime that involves someone pretending to be another person in order to steal money or obtain benefits
Identity Theft
Expense
Credit Report
Comparison Shopping
A number assigned to a person that indicates to lenders their ability to repay a loan.
Identity Theft
Expense
Credit Score
Comparison Shopping
