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Financial Literacy for 5th Grade STAAR Flashcards | StudBud
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Financial Literacy for 5th Grade STAAR
Financial Literacy for 5th Grade STAAR
11 terms
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5th grade Financial Literacy vocabulary #financialliteracy #math #5thgrade
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
The amount of money you have remaining after deductions are subtracted from your income.
Net Income
Income Tax
Gross Income
Net Taxes
2
The amount of money in your bank account is the _____________.
Balance
Income
Deposit
Check
3
A ______________ is when you take money out of your bank account.
withdrawl
Deposit
Credit
Balance
4
Money that is put into your bank account
withdrawl
balance
deposit
money
5
What action can be taken if your expenses exceed income?
Borrow money from your parents
Get extra cable channels
Quit your job
Work at an extra job
6
Which of the following is an example of income?
wages
emergency savings
insurance
taxes
7
A tax that is paid for goods and services purchased.
Service tax
Goods tax
Property tax
Sales tax
8
When the total amount of money spent, saved and shared equals total income.
Income
Outcome
Good Budget
Balanced Budget
9
The total amount of money that you earn before deductions?
Paycheck
Gross Income
Net Income
Income Tax
10
A plan for how much income will be received and how it will be spent is called a _____________.
Check
Savings
Budget
Money Plan
11
Money people pay to support the government
taxes
sales
payroll
property
