Financial Literacy

Question 1

Income that remains after deductions?

Accepted Answer

Net Income

Question 2

The amount of money collected on the value of a property for local government.

Accepted Answer

Property Tax

Question 3

A card that can be used to borrow money from a bank or store.

Accepted Answer

Credit Card

Question 4

Payment for Goods and Services

Accepted Answer

Expense

Question 5

A monthly or yearly spending and saving plan for an individual or family.

Accepted Answer

Budget

Question 6

The amount of money a company withholds from pay for federal government.

Accepted Answer

Payroll Tax

Question 7

The total amount of personal income before taxes and deductions.

Accepted Answer

Gross Income

Question 8

A card linked to your checking account so you can withdraw money or purchases.

Accepted Answer

Debit Card

Question 9

A specific time or instance when money changes hands is a . . .

Accepted Answer

Transaction

Question 10

A small table to track deposits and withdraws and current balance.

Accepted Answer

Register

Question 11

Payments using security features on the internet.

Accepted Answer

Electronic Payment

Question 12

Money earned or received.

Accepted Answer

Income

Question 13

A written document telling the bank to pay a specific amount.

Accepted Answer

Check

Question 14

The amount of money collected by a store in addition to a good or service.

Accepted Answer

Sales Tax

Question 15

Money paid to federal and/or state government based on personal income.

Accepted Answer

Income Tax

Question 16

A formal record of transactions made by a person or business.

Accepted Answer

Financial Records

Questions 16