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Personal Financial Literacy Flashcards | StudBud
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Personal Financial Literacy
Personal Financial Literacy
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#Math: personal finance
Flashcards
12 cards
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Questions
12
Answers
1
Is based on the amount of money you earn or your income.
payroll tax
gross income
check
income tax
2
identification card issued by a bank allowing owner to immediately use money from an account.
sales tax
check
debit card
credit card
3
The amount of your income that is left after taxes are taken out.
net income
gross income
sales tax
income
4
Money paid to the government for services like road maintenance and police protection.
taxes
balanced budget
income
checks
5
identification card from a bank allowing a user to buy items immediately and pay later.
income
credit card
check
debit card
6
Amount of money you earn
income
check
net income
gross income
7
Your income before income or other payroll taxes are taken out it.
gross income
property taxes
net income
income
8
Is a written order asking a bank to pay a certain amount from your account.
debit card
check
balanced budget
credit card
9
When expenses equal income.
gross income
balanced budget
check
debit card
10
A tax this is a portion of the value of an item such as cars, houses, boats, or land.
property tax
credit
sales tax
income tax
11
money added to the cost of items and services, and is usually payed when an item is purchased
sales tax
payroll tax
property tax
gross income
12
The total tax an employer withholds
credit card
income tax
payroll tax
property tax