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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Vocabulary words for Financial Literacy
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
What is the total amount of money you earn?
Gross Income
Sales Tax
Income Tax
Net Income
2
Which Tax is paid when you have income?
Sales Tax
Income Tax
Property Tax
3
What is money taken out of your account?
debit
budget
deposit
balance
4
The amount of money you receive after deductions are subtracted from your gross inocme
taxes
deposit
gross income
net income
5
The money in your account
deposit
taxes
budget
6
Which tax is paid when you own property, such as a home?
Sales Tax
Income Tax
Property Tax
7
Money people pay to suport the government is called
budget
gross income
taxes
net income
8
A plan for how much income will be received and how it will be spent is called what
taxes
Income Tax
deposit
budget
9
What is the tax that is taken out of an employee's check?
Sales Tax
budget
Payroll Tax
10
Which tax is paid whenever you buy things?
Property Tax
Sales tax
Income Tax
