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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
What is a budget?
What is a property tax?
Financial Literacy Vocabulary
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1
What is a property tax?
tax on money you earn in a year
tax on houses or cars you own
tax added to what you buy at a store
tax added to your paycheck
2
What is a budget?
a credit card
a way to waste money
a plan to spend money carefully
a debit card
3
What is a payroll tax?
tax deducted from your paycheck
tax added to what you buy at the store
tax on money you earn in a year
tax on houses or cars you own
4
What is gross income?
total money earned before taxes are taken out
money that is lost
total money earned after taxes are taken out
dirty money
5
What is income?
money that you earn
money that you spend
money that you lose
money that you find
6
What is net income?
total money earned before taxes are taken out
total money earned after taxes are taken out
a way to save money
used to catch fish
7
What is an income tax?
tax on money you earn in a year
tax on houses or cars you own
tax added to what you buy at the store
tax added to you paycheck
8
What are deductions?
bonus money added to your paychecks
money added to what you already have in the bank
tax and insurance payments that are taken out of paychecks
tax and insurance payments that are added to paychecks
9
What is the smartest way to balance a budget?
spend more money than you have
spend money on things you don't need
spend less money than you have
use a credit card to pay for things
10
What is a sales tax?
tax deducted from your paycheck
tax on what you earn each year
tax added to what you buy at a store
tax on houses or cars you own
