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Intro to Financial Literacy Flashcards | StudBud
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Intro to Financial Literacy
Intro to Financial Literacy
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Vocabulary words for Financial Literacy
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
Which Tax is paid when you have income?
Sales Tax
Income Tax
Property Tax
2
A plan for how much income will be received and how it will be spent is called what
Income Tax
deposit
budget
taxes
3
What is the total amount of money you earn?
Gross Income
Sales Tax
Income Tax
Net Income
4
Net Income + Deductions = ?
Net Pay
Gross Income
Benefits
Employee Deductions
5
Which tax is paid when you own property, such as a home?
Property Tax
Income Tax
Sales Tax
6
Which tax is paid whenever you buy things?
Property Tax
Sales tax
Income Tax
7
This income is generated from your time and effort?
Gross Income
Portfolio Income
Earned Income
Passive Income
8
Money people pay to suport the government is called
gross income
net income
budget
taxes
9
The amount of money you receive after deductions are subtracted from your gross inocme
taxes
gross income
net income
deposit
