WorksheetsEcon Unit 6 Key Terms: Week 1
Total questions: 10
Worksheet time: 5mins
Deposits locked in for a specified time, earns interest, and has penalties for early withdrawal.
Savings Account
Certificate of deposit
Money market account
Savings Bond
A percentage withheld from an employee’s pay to fund social insurance programs like Social Security, Medicare, and unemployment insurance.
Excise tax
Income tax
Property tax
Payroll tax
Tax on immovable property like land and buildings.
Property tax
Payroll tax
Excise tax
Sales tax
Total amount a worker receives when they cash or deposit their check after deductions.
Gross income
Net income
Income tax
Payroll tax
Legal contract between tenant and landlord
Contract
Mortgage
Lease
Living agreement
Tax on the retail sale of goods and services.
Property tax
Payroll tax
Income tax
Sales tax
Total amount a worker is paid before any required or voluntary deductions are made.
Gross income
Nwt income
Income tax
Payroll tax
An agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you’ve borrowed plus interest.
Property tax
Lease
Mortgage
House agreement
Tax imposed on an individual’s wages, salaries, and other types of income.
Excise tax
Income tax
Property tax
Payroll tax
Tax imposed on specific goods or activities, in addition to other taxes.
Sales tax
Excise tax
Payroll tax
Property tax
