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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
12 terms
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Vocab review
Flashcards
12 cards
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Questions
12
Answers
1
The amount of money that a company withholds from its employees for the federal government.
money tax
property tax
income tax
payroll tax
2
The fee on income earned.
sales tax
income tax
net income
debit card
3
A body that collects taxes.
property
budget
variable
government
4
The fee collected from buyers when a good or service is purchased.
sales tax
debit card
income tax
property tax
5
The amount of money collected on the value of a property for the local government.
payroll tax
income tax
property tax
house tax
6
The amount you get after all deductions are removed from the gross income.
net income
income tax
budget
gross income part two
7
Rent and loan repayments are both examples of this type of expense.
variable expense
unwanted expense
fixed expense
wanted expense
8
Clothing and entertainment are both examples of this type of expense.
fixed expense
valuable expense
variable expense
luxury expense
9
A method of payment that requires no credit card.
payroll
gross income
budget
debit card
10
The total before deductions are taken out.
net income
payroll
income tax
gross income
11
A list of expenses and income for a set time such as a month.
sales tax
property
budget
debit card
12
The money paid to federal and/or state governments based on an individual's income.
income tax
federal tax
payroll tax
money tax
