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Personal Financial Literacy Flashcards | StudBud

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taxes on goods or services that you purchase are called ________

Net income is ____________________

Personal Financial Literacy

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Personal Financial Literacy 5th grade math

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Questions 7

Answers

1
Net income is ____________________
the money you take home after taxes are deducted
the money you have before taxes are deducted
the money you get from your credit card
the money you pay to someone
2
taxes on goods or services that you purchase are called ________
money tax
property tax
sales tax
market tax
3
Money that you earn is called ______
savings
expenses
income
finance
4
Taxes on houses and land are called __________
money taxes
sales taxes
property taxes
payroll taxes
5
Payroll tax is _________
money given to you
money taken out from your paycheck
tax on clothes and shoes
tax taken from your dog
6
Money that you spend on something is called a(n)....
loan
expense
savings
income
7
Income before any taxes are taken out is called _____
gross income
financial income
net income
a lot of income