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Duplicate of Personal Financial Literacy 5.10 Flashcards | StudBud
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Duplicate of Personal Financial Literacy 5.10
Duplicate of Personal Financial Literacy 5.10
12 terms
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vocabulary words for TEKS 5.10 A, B, C, D, E, & F #Math #PFL
Flashcards
12 cards
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1
Net Income
How much money a basketball player makes
Gross income minus deductions
The amount of taxes that have been withheld
The amount earned from working
2
Income Tax
money earned from a job
tax withheld from a paycheck
tax based on money you earn or receive
tax on retail goods
3
Gross Income
Income minus deductions
Income after taxes
Total income earned from working
The total amount of the check
4
Credit Card
used to make purchases and never pay back
A plastic card issued by a lender to make purchases
Used to make purchases, the money is withdrawn from your account
A plastic card used to scrap off ice from the windshield
5
Debit Card
Used to make purchases, the money is from a lender
A plastic card to play with
A plastic card that is kept in a wallet
Used to make purchases, the money is withdrawn from your bank account
6
Electronic Payments
Payment made online
Payments for electricity
Payment made from the internet
Payment at Walmart
7
Income
tax on money earned
earnings, wages or salary
money borrowed
tax on money earned from Ebay
8
Sales Tax
tax withheld from paychecks
tax on goods and services
tax on houses
tax on sail boats
9
Budget
List of expenses for the month
Something to be ignored
List of estimated Income and expenses for planning
When the bank tells you that you cannot buy an item
10
Property Tax
Tax on goods and services
Tax based on income
tax paid based on income of certain property
Tax paid based on the value of certain property you own
11
Check
To withdraw money from your account
A note informing a seller of the amount you can spend on an item.
A paper to decorate a room with
An order to withdraw money from your bank account
12
Payroll Tax
Tax paid to the government based on income
Tax withheld from a paycheck
Tax on retail goods
Tax on a business