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Personal Finance Intro Flashcards | StudBud
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Personal Finance Intro
Personal Finance Intro
12 terms
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StudBud Administration
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104 plays
Basic financial literacy
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
This happens when the total amount of $ spent or saved equals the total income.
sales tax
a balanced budget
income taxes
a financial institution
2
Li wants to buy 2 pencils. She has $203.75 in her bank account. She should use a credit card.
True
False
3
A plan for how income will be spent
debit
deposit
credit
budget
4
The money you pay the government from your earnings every year.
Property taxes
Income taxes
Payroll taxes
Sales taxes
5
The money in your account now is called your
balance
taxes
budget
debit
6
Marco earns $100 at his job. His deductions total $25. What is his net income?
$125
$75
$100
$50
7
The amount of $ you get after deductions (taxes and insurance) are taken out of your paycheck.
net income
financial institution
balance
gross income
8
The money you pay to the government for land you own.
Income taxes
Payroll taxes
Property taxes
Sales taxes
9
Income is
the amount of money you lend
the amount of money you spend
the amount of money you save
the amount of money you earn
10
A withdrawal is taking money out of your bank account. When you put money in, you make a
budget
deposit
credit
debit
11
The money you pay the government when you purchase some items.
Sales taxes
Property taxes
Income taxes
Payroll taxes
12
A variable expense is an amount you owe that stays the same, month after month.
True
False
