NEW
Font size
WorksheetsReal Money Real World Terms 2
Total questions: 13
Worksheet time: 7mins
the means of guaranteeing protection or safety for people or property from injury or loss of property
insurance
interest
gross income
overdraw
1. money you are paid by a bank on savings deposits
2. the amount of extra money that you pay to a bank when you take out a loan, like for a house, car or credit card purchases
insurance
interest
gross income
overdraw
total amount of your wages, or salary before deductions
insurance
interest
gross income
overdraw
when you don't have enough money in your account
insurance
interest
gross income
overdraw
The amount of money you will have left over after payroll deductions have been made. This is your take home pay.
net income
tax
savings
salary
An involuntary payment of money to a government to support federal, state or local programs.
net income
tax
savings
salary
disposable income, put aside in a savings account, not spent for consumer goods
net income
tax
savings
salary
a fixed payment at regular intervals for work done
net income
tax
savings
salary
something that an individual or family must have in order to live
need
want
standard of living
trade off
something that an individual or family would like to have, but is not necessary to survive
need
want
standard of living
trade off
the giving up of an economic goal, good or service in order to gain another economic goal, good, or service
need
want
standard of living
trade off
monthly summary of a customer's bank transactions
credit rating
career
bank statement
loan
money you borrow from a lending institution such as a bank or credit union
credit rating
career
bank statement
loan
