stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Vocabulary Flashcards | StudBud
Explore
/
Financial Literacy Vocabulary
Financial Literacy Vocabulary
10 terms
·
StudBud Administration
·
112 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
The total tax an employer withholds from an employee’s paycheck
Property tax
Income tax
Sales Tax
Payroll tax
2
A tax on the value of items such as cars, houses, boats, or land
Property tax
Sales Tax
Income tax
Payroll tax
3
When you take money out of the bank it is called a withdrawal.
True
False
4
A tax on the amount of money you earn
Payroll tax
Income tax
Property tax
Sales Tax
5
Total income before payroll tax/deductions are taken out is net income.
False
True
6
A card issued by a bank that allows a user to immediately use money from an account
Library card
Gift card
Debit card
Credit card
7
A card issued by a bank that allows you to buy things now and pay later
Credit card
Gift card
Library card
Debit card
8
A tax added to the cost of items and services
Sales Tax
Property tax
Income tax
Payroll tax
9
When you put money in your bank account it is called deposition.
True
False
10
Income left after taxes is net income.
False
True
