Duplicate of 5th Grade Financial Literacy

A formal record of the transactions made by a person, business, or other organization.

What does it mean for you balance your budget?

A specific time or instance when money changes hands.

______ are taxes paid to the government depending on the value of your home, land, or vehicles.

A ___ is money paid to the government for services, like road work and police protection.

_________ is the income that is left after taxes.

The total tax an employer withholds from a paycheck is called ________.

What is income?

On a balanced budget, which is true?

A table to track deposits, expenses, and current available balance.

___________ is money that is paid based on the amount of money you earn.

Payments using security features on the Internet.

What is a written document telling the financial institution to pay a specific amount?

What is a card that can be used to borrow money from a financial institution to pay on credit?

The total income before any taxes are taken out is _______ ________.

The amount available in an account for a person, business, or organization to spend.

A card that is linked to your checking account that allows you to withdraw or deposit money.

A ________ is money added to the cost of items or services.

Payment for goods and services

The amount of money collected on the value of a property for the local government.