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WorksheetsPersonal Finance Vocabulary
Total questions: 12
Worksheet time: 9mins
Gross Monthly Income
The TOTAL amount you get paid for month
The TAXES that you have to pay for the month
The amount you TAKE HOME after your monthly deductions
Net Monthly Income
The TOTAL amount you get paid for the month
The amount of income remaining to spend in a month AFTER ALL deductions have been made.
The total DEDUCTIONS taken out of your paycheck.
What does ATM stand for?
Automatic Target Mechanism
Automatic Tank Mine
Automated Teacher Meme
Automated Teller Machine
The amount of money you have to pay back ON TOP of the amount that you borrowed is called what?
Insurance
Debt
Interest
Credit
When a country spends more than it takes in revenue it is called what?
Credit
Interest
Deficit
Default
When you turn 62 years old and have worked paying taxes for many years, you get to draw what when you retire?
Social Security
Social Deposits
Social Deficits
Social Credits
When you buy partial OWNERSHIP into a company you purchase what?
Securities
Stocks
Bonds
Currency
Money taken out of your paycheck by the government is called what?
Interest Tax
Estate Tax
Income Tax
Sales Tax
A card that is directly linked to a banking account is called a what?
Debit Card
Credit Card
Social Security Card
Currency Card
If you did not have the money on hand to pay for something you might use this to purchase it with the promise to pay it later.
Debit Card
Credit Card
Social Security Card
Lay Away Card
APR stands for what?
Awesome People Rock
Annual Pursuit Rebate
Annual Percentage Rate
Automatic Percent Reduction
Writing in your own words the dangers of credit cards and how the SAFE and SMART way to use them is.
