Home Library Explore SAT

Home Library Explore SAT

Financial Literacy Flashcards | StudBud

Explore/Financial Literacy

Financial Literacy

9 terms·StudBud Administration·364 plays

Vocabulary terms

Flashcards9 cardsFPractice quizPHost liveL

Questions 9

Answers

1
What is a budget?
a plan for spending and making money
the costs of selling a business
money received for work
a car rental company
2
What are available funds?
Funds that are unavailable
The amount of money left over after all the expenses have been paid
The amount of money you have before expenses have been paid
3
What is net pay?
the amount of income for the month
The amount of money you bring home AFTER taxes have been taken out
Whats left over after all expenses have been paid
The amount of money you bring home BEFORE taxes are taken out
4
What is gross pay?
The amount of money you have BEFORE taxes have been taken out
The amount of you have AFTER taxes have been taken out
5
What is salary?
something you eat with peanut butter
the amount of taxes paid on earned income
money earned from work and investments
money earned from working a job
6
Debt is..
money owed
The cost for basic needs
The amount of pay left over AFTER taxes have been taken out
A set spending plan
7
Tax rate is..
money paid to the local and state government
the amount of expenses paid for basic needs
amount of money earned for working a job
a set spending plan
8
Expenses are
what you need to earn money
how you can save money in your account
something that is free to everyone
the amount paid for basic needs
9
What is income?
money received
a set plan for spending every month
money spent
a way to balance your check book