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Personal Financial Literacy 5.10 Flashcards | StudBud
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Personal Financial Literacy 5.10
Personal Financial Literacy 5.10
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vocabulary words for TEKS 5.10 A, B, C, D, E, & F #Math #PFL
Flashcards
13 cards
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Answers
1
Payroll Tax
Tax withheld from a paycheck
Tax paid to the government based on income
Tax on a business
Tax on retail goods
2
Net Income
The amount after taxes have been withheld
The amount earned from working
The total amount on the paycheck
How much money a basketball player makes
3
Check
A paper to decorate a room with
To deposit money into your account
An order to withdraw money from your bank account
To withdraw money from your account
4
Income Tax
tax on retail goods
money earned from a job
tax withheld from a paycheck
tax based on income
5
Check
An order to withdraw money from your bank account
To deposit money into your account
To withdraw money from your account
A paper to decorate a room with
6
Electronic Payments
Payment made online
Payments for electricity
Payment at Walmart
Payment made directly from your bank through the internet
7
Property Tax
Tax paid based on the value of certain property
Tax on goods and services
Tax based on income
tax paid based on income of certain property
8
Debit Card
A plastic card to play with
Used to make purchases, the money is from a lender
A plastic card that is kept in a wallet
Used to make purchases, the money is withdrawn from the bank
9
Credit Card
A plastic card issued by a lender to make purchases
A plastic card used to scrap off ice from the windshield
Used to make purchases, the money is withdrawn from the bank
used to make purchases and never pay back
10
Budget
List of estimated Income and Expenses
Balanced when expenses are equal to income
List of expenses and income for the month
Something to be ignored
11
Income
money that is a gift+
earnings, wages or salary
tax on money earned
money earned from Ebay
12
Sales Tax
tax withheld from paychecks
tax on houses
tax on property like a pool
tax on goods and services
13
Gross Income
The total amount of the check
Income after taxes
Total income before and after taxes
Income before taxes