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FINANCIAL LITERACY VOCABULARY Flashcards | StudBud
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FINANCIAL LITERACY VOCABULARY
FINANCIAL LITERACY VOCABULARY
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StudBud Administration
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MATH TEKS 5.10
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
money paid to the government on goods and services sold
based on a percentage
property tax
sales tax
income tax
payroll tax
2
all the money you earn before payroll taxes are deducted
variable expenses
fixed expenses
net income
gross income
3
Electronic Funds Transfer, when funds are transferred from one bank to another electronically
debit card
credit card
EFT
check
4
a written, dated and signed piece of paper directing a bank to pay a sum of money
credit card
EFT
check
debit card
5
expenses that stay the same month to month,
rent, car payment, insurance
gross income
fixed expenses
net income
variable expenses
6
money paid to the government based on property owned
, pays for roads, schools
payroll tax
sales tax
income tax
property tax
7
a plastic card that allows the owner to transfer money from a lender to pay for something
EFT
check
credit card
debit card
8
all the money you earn minus taxes and insurance
, money on your paycheck
net income
variable expenses
fixed expenses
gross income
9
expenses that vary or change month to month,
groceries, gas for car, entertainment
net income
gross income
variable expenses
fixed expenses
10
a plastic card that allows the owner to transfer money from their bank account immediately
EFT
credit card
check
debit card
11
money withheld from a persons paycheck
by their employer
payroll tax
property tax
income tax
sales tax
12
money paid to the government based on your personal income
payroll tax
property tax
income tax
sales tax
