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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Vocabulary words for Financial Literacy
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
What is the tax that is taken out of an employee's check?
Payroll Tax
budget
Sales Tax
2
Money people pay to suport the government is called
taxes
net income
budget
gross income
3
The amount of money you receive after deductions are subtracted from your gross inocme
net income
gross income
taxes
deposit
4
A plan for how much income will be received and how it will be spent is called what
budget
taxes
deposit
Income Tax
5
What is the total amount of money you earn?
Sales Tax
Income Tax
Gross Income
Net Income
6
The money in your account
deposit
taxes
budget
7
Which tax is paid when you own property, such as a home?
Income Tax
Sales Tax
Property Tax
8
What is money taken out of your account?
deposit
debit
balance
budget
9
Which tax is paid whenever you buy things?
Property Tax
Income Tax
Sales tax
10
Which Tax is paid when you have income?
Property Tax
Income Tax
Sales Tax
