Financial Literacy Vocab Review

Money received for work. (Dinero recibido por trabajo).

Money earned before taxes are deducted. (Dinero ganado antes de deducir impuestos)

Net income is always less than gross income. (El ingreso neto siempre es menor que el ingreso bruto.)

Payroll taxes are withheld by the employer. (Los impuestos sobre la nómina son retenidos por el empleador.)

Money that parent gives a child. (Dinero que los padres dan los hijos).

_______ is to take out money from the bank. ______ is to put in money in the bank.

Wages and allowance mean the same thing. (Salario y subsidio significan lo mismo..)

To balance a budget is to spend more than what you earn. (Equilibrar un presupuesto es gastar más de lo que se gana.)

Tax paid on the value of a piece of land a person owns. (Un impuesto pagado sobre el valor de un terreno.)

Money spent on goods and services. (Dinero usado en bienes y servicios).

An ____ is a worker. An _____ is the person that hires and pays workers.

What is retail? (¿Qué es el comercio minorista?)

Payroll taxes are paid to the government annually. (Los impuestos sobre la nómina se pagan al gobierno anualmente.)

Tax withheld by an employer and given to the government (Impuesto que retiene un empleador y entrega al gobierno.)

A tax that government collects from personal earned money (Un impuesto que el gobierno recauda del dinero ganado.)

Sales taxes are charged on retail goods. (Los impuestos sobre las ventas se cobran sobre los productos al por menor.)

_______ is when you borrow from the bank to pay later. ______ is when the money comes from YOUR account

Money received for work. (Dinero recibido por trabajo).

Money taken out from paycheck for tax purposes. (Dinero retirado del cheque de pago para impuestos)

Money earned after taxes are deducted. (Dinero ganado antes de deducir impuestos)

Tax paid on the value of a home a person owns. (Un impuesto pagado sobre el valor de una casa.)

Tax on retail products (Impuesto sobre productos al por menor)