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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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5th grade Financial Literacy vocabulary #financialliteracy #math #5thgrade
Flashcards
8 cards
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Questions
8
Answers
1
When your
income and expenses are equal,
you have a
Outcome
Income
Good Budget
Balanced Budget
2
The total amount of money you receive
after taxes and deductions are subtracted.
Income Tax
Net Income
Gross Income
Net Taxes
3
Money paid to the federal government
based on your income
is called
property tax
payroll tax
sales tax
income tax
4
Social Security tax and Medicare tax
are two types of
sales tax
payroll tax
property tax
income tax
5
Tax paid to the local government based on the value of
buildings, homes, and land
sales tax
payroll tax
income tax
property tax
6
The total amount of money you earn
before taxes and deductions are subtracted.
Net Income
Income Tax
Paycheck
Gross Income
7
A
plan for spending and saving
is called a
Money Plan
Checks
Savings
Budget
8
A tax added to the retail price of
goods and services
sales tax
payroll tax
property tax
income tax
