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5th Grade Math Vocabulary Personal Financial Literacy Flashcards | StudBud
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5th Grade Math Vocabulary Personal Financial Literacy
5th Grade Math Vocabulary Personal Financial Literacy
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5th grade financial literacy vocabulary
Flashcards
17 cards
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17
Answers
1
Checking your account statement against your check register to make sure the records match.
checking
proofing
registration
balance
2
Money collected on the value of a property for the local government as required by law.
property tax
income tax
sales tax
payroll tax
3
The amount available in an account for a person, business, or organization to spend.
net income
available balance
debit
gross income
4
Payments using security features on the Internet.
rent payment
credit card payment
electronic payment
mortgage payment
5
Document telling the bank to pay an amount of money from your account to a specific person.
bank statement
check
check register
bank record
6
Table to track deposits added to account, expenses withdrawn and current available balance.
deposit slip
register
receipt
check stub
7
A card that can be used to borrow money from stores to buy products and services on credit.
debit card
bank card
check card
credit card
8
The total amount of personal income prior to taxes and deductions.
net income
income tax
available balance
gross income
9
Income that remains after taxes and other deductions are taken from an person’s gross income.
household income
net income
earned income
gross income
10
Money earned or received.
credit
expense
income
balance
11
Payment for goods and services.
income
credits
expense
debit
12
A formal record of the transactions made by a person, business, or other organization.
checking account
check registry
formal records
financial records
13
Money that a company withholds from its employees for the federal government required by law.
income tax
property tax
payroll tax
sales tax
14
Money collected by a store, in addition to a good or service that was purchased.
income tax
property tax
payroll tax
sales tax
15
Money paid to federal and/or state government based on an individual’s income
property tax
income tax
sales tax
personal tax
16
A monthly or yearly spending and savings plan for an individual, family or business..
available balance
budget
checking account
income
17
Card that is linked to your checking account so you can make purchases at a store.
business card
credit card
debit card
reward card
