6th Grade First Review

An account that is used to set aside funds to be used in an emergency

Expenses are....

Money made from Susie babysitting is an example of...

Goods are...

The ability to use knowledge and skills to manage your financial resources is called ________ 

Any money taken out of a person's gross pay is known as what?

A consumer is someone who...

Taxes are ____________.

____________ are things that we can touch

John is selling shirts that he made. John is being a consumer by selling these shirts.

An example of a good would be a...

Spending $40 on food is an example of....

An example of a service would be...

The amount of money a person earns before deductions are taken out of the paycheck is called

Income is....

Services are...

Alex works 40 hours a week and makes $10 per hour. What is his gross income?

A budget consists of what two things?

A budget is...

___________ is the amount of income a person “takes home” after taxes have been taken away.