Financial Literacy

Your income AFTER TAXES are taken out

The amount of money you have left in your bank account

What amount would go in "other" if Chloe's budget is $3,191 ?

When you buy your house, you pay this type of tax

Lakelyn has a gross income this month of $4,128. She has to pay $496 in taxes. What is her net income?

Is Luci's Budget Balanced?

When you receive a paycheck, these taxes are taken out. Your net income will be lower than your gross income.

Taxes you pay on items you buy at the store.

Laniya's gross income is $978.What would her net income be if she has to pay $235 for health care and $346 for taxes

Is Mark's budget balanced?

Each year you pay this tax based on the money you have earned that year.

Your income BEFORE TAXES are take out

Find the net income: Gross income is $361 and deductions are $189

If you buy a toy at Target, you would pay this type of tax

A tax you pay on your house. It is based on the value of your home.