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5.10ABCDEF Personal Financial Literacy 5.10 Flashcards | StudBud
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5.10ABCDEF Personal Financial Literacy 5.10
5.10ABCDEF Personal Financial Literacy 5.10
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vocabulary words for TEKS 5.10 A, B, C, D, E, & F #Math #PFL
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1
Credit Card
used to make purchases and never pay back
A plastic card issued by a lender to make purchases
Used to make purchases, the money is withdrawn from the bank
A plastic card used to scrap off ice from the windshield
2
Electronic Payments
Payment made online
Payment made directly from your bank through the internet
Payment at Walmart
Payments for electricity
3
Income
tax on money earned
money earned from Ebay
earnings, wages or salary
money earned from a job
4
Debit Card
A plastic card that is kept in a wallet
Used to make purchases, the money is from a lender
Used to make purchases, the money is withdrawn from the bank
A plastic card to play with
5
Gross Income
Income before taxes
Income after taxes
The total amount of the check
Total income earned from working
6
Sales Tax
tax withheld from paychecks
tax on goods from a retail establishment
tax on houses
tax on goods and services
7
Budget
Balanced when expenses are equal to income
List of estimated Income and Expenses
List of expenses and income for the month
Something to be ignored
8
Property Tax
Tax on goods and services
Tax paid based on the value of certain property
Tax based on income
tax paid based on income of certain property
9
Net Income
The amount after taxes have been withheld
How much money a basketball player makes
The total amount on the paycheck
The amount earned from working
10
Check
To withdraw money from your account
To deposit money into your account
An order to withdraw money from your bank account
A paper to decorate a room with
11
Payroll Tax
Tax on a business
Tax withheld from a paycheck
Tax on retail goods
Tax paid to the government based on income
12
Income Tax
tax withheld from a paycheck
tax on retail goods
tax based on income
money earned from a job