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WorksheetsPersonal Finance Vocab quiz
Total questions: 15
Worksheet time: 8mins
deduction
money subtracted from a paycheck
money you take home after deductions
amount of money you actually earn
a government insurance program that pays benefits to retired people
net pay
money you take home after deductions
money subtracted from a paycheck
amount of money you actually earn
a rate of pay that is equal to time and a half
gross pay
money you take home after deductions
money earned based on a contract, not an hourly wage
amount of money you actually earn
amount you pay for the use of borrowed money
Social Security
money you take home after deductions
government retirement fund for older people
government medical insurance for older people
loss of or reduction in value over time
Medicare
the costs associated with owning and maintaining a vehicle
government retirement fund for older people
government medical insurance for older people
loss of or reduction in value over time
overtime
the costs associated with owning and maintaining a vehicle
work performed beyond required or normal hours
money subtracted from a paycheck
money earned based on a contract, not an hourly wage
salary
pay equal to time and a half
work performed beyond required or normal hours
money subtracted from a paycheck
money earned based on a contract, not an hourly wage
loan
amount you pay for the use of borrowed money
paying for a portion of the car's actual cost as opposed to having to pay for the car in its entirety
money that is borrowed and is expected to be paid back with interest
loss of or reduction in value over time
interest
amount you pay for the use of borrowed money
paying for a portion of the car's actual cost as opposed to having to pay for the car in its entirety
money that is borrowed and is expected to be paid back with interest
loss of or reduction in value over time
lease
long-term "rental" of a car
money you pay to initially make a large purchase
legal connection of a car to its owner
contract that helps pay for car damages from an accident
insurance
long-term "rental" of a car
money you pay to initially make a large purchase
legal connection of a car to its owner
contract that helps pay for car damages from an accident
depreciation
long-term "rental" of a car
money you pay to initially make a large purchase
amount you pay for the use of borrowed money
loss of or reduction in value over time
down payment
long-term "rental" of a car
money you pay to initially make a large purchase
amount you pay for the use of borrowed money
loss of or reduction in value over time
registration
long-term "rental" of a car
legal connection of a car to its owner
amount you pay for the use of borrowed money
loss of or reduction in value over time
operating costs
long-term "rental" of a car
legal connection of a car to its owner
the costs associated with owning and maintaining a vehicle
loss of or reduction in value over time
