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Personal Financial Literacy 5.10 Flashcards | StudBud
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Personal Financial Literacy 5.10
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
The amount earned from working
The total amount on the paycheck
The amount after taxes have been withheld
How much money a basketball player makes
2
Income
money earned from a job
tax on money earned
money earned from Ebay
earnings, wages or salary
3
Credit Card
A plastic card issued by a lender to make purchases
A plastic card used to scrap off ice from the windshield
used to make purchases and never pay back
Used to make purchases, the money is withdrawn from the bank
4
Payroll Tax
Tax on a business
Tax withheld from a paycheck
Tax on retail goods
Tax paid to the government based on income
5
Check
A paper to decorate a room with
To deposit money into your account
To withdraw money from your account
An order to withdraw money from your bank account
6
Gross Income
Income before taxes
The total amount of the check
Total income earned from working
Income after taxes
7
Electronic Payments
Payments for electricity
Payment made online
Payment at Walmart
Payment made directly from your bank through the internet
8
Income Tax
tax on retail goods
tax withheld from a paycheck
tax based on income
money earned from a job
9
Sales Tax
tax on goods from a retail establishment
tax on houses
tax on goods and services
tax withheld from paychecks
10
Property Tax
Tax on goods and services
Tax based on income
Tax paid based on the value of certain property
tax paid based on income of certain property
11
Budget
List of expenses and income for the month
Something to be ignored
List of estimated Income and Expenses
Balanced when expenses are equal to income
12
Debit Card
Used to make purchases, the money is withdrawn from the bank
A plastic card to play with
A plastic card that is kept in a wallet
Used to make purchases, the money is from a lender