The amount of money in your bank account.

What is Gross Income?

The total amount of money you have earned.

How much you will pay each month.

Money that is taken out of your bank account.

Money received after deductions are taken from Gross Income.

Money citizens pay to support the government.

Money you put into your account.

A plan for how much income will be received and spent.

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Financial Literacy

9 termsStudBud Administration276 plays

Basic Financial Literacy terms.

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Questions 9

Answers

1
Do you want your expenses to exceed your income?
I don't know
Maybe
Yes
No
2
What is a balance?
Amount of money in your account is the same as a friend's.
The amount of money in your bank account.
The amount of money in your teachers bank account.
The amount of money you wish was in your account.
3
What is Gross Income?
The total amount of money you have earned.
The total amount of money you have paid.
The total amount of money stolen from you.
The total amount of money you have donated.
4
What is an Expense?
How much you much lose each month.
How much you will save each month.
How much you will find on the ground each month.
How much you will pay each month.
5
What is a debit?
Money that is taken out of your bank account.
The amount of money you want in your bank account.
The amount of money you invest into your bank account.
Money that is put into your bank account.
6
What is Net Income?
Money you pay when you get a paycheck.
Money received before taxes are taken out.
Money paid to Mr. Ruiz when you make a bad grade on a test.
Money received after deductions are taken from Gross Income.
7
What are taxes?
Money citizens donate because they want to be nice.
Money teachers take from students while they are at lunch.
Money citizens pay to support the government.
Money citizens receive for buying items.
8
What is a Deposit?
Money you take out of your account.
Money you got from the tooth fairy.
Money you hope is in your account.
Money you put into your account.
9
What is a Budget?
A plan to spend as much money as possible in little time.
A plan for how much income will be received and spent.
A plan to save as much money as possible.
A plan to solve a very hard multi-step Math word problem.

Financial Literacy Flashcards | StudBud