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Financial Literacy Vocab Flashcards | StudBud
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Financial Literacy Vocab
Financial Literacy Vocab
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5th grade Financial Literacy vocabulary #financialliteracy #math #5thgrade
Flashcards
12 cards
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1
Money that is put into your bank account
deposit
balance
withdrawl
money
2
Money withheld by your employer on your paycheck-can be seen on a pay stub.
Property Tax
Income Tax
Payroll Tax
Sales Tax
3
Paying taxes to the government on the money you make each year. Tax returns are filed annually.
Sales Tax
Property Tax
Payroll Tax
Income Tax
4
The amount of money you receive after deductions are subtracted from your gross income.
Net Income
Gross Income
Income Tax
Net Taxes
5
Money people pay to support the government
taxes
sales
property
payroll
6
The _______________ is the amount of money in your bank account.
Balance
Income
Deposit
Amount
7
A ______________ is when you take money out of your bank account.
Credit
Deposit
Debit
Balance
8
A plan for how much income will be received and how it will be spent is called a _____________.
Savings
Money Plan
Budget
Checks
9
When the total amount of money spent, saved and shared equals total income.
Good Budget
Outcome
Income
Balanced Budget
10
Buying clothes at the store and paying a tax to the merchant.
Sales Tax
Property Tax
Income Tax
Payroll Tax
11
when you buy a car or house you have to pay taxes on the amount of the purchase.
Income Tax
Payroll Tax
Sales Tax
Property Tax
12
The total amount of money that you earn.
Gross Income
Paycheck
Net Income
Income Tax
