Payment made directly from your bank through the internet.

Tax paid every year on the value of your property

A legal form of payment that is withdrawn from a bank account.

The amount of money a person gets after taxes have been paid, The amount of money a person pays in taxes

Total income earned from working, before paying taxes

Tax that the employer pays directly to the government.

A plastic card used for large purchases, borrowed money from a lender

A method of keeping your income equal to your expenses.

earnings, wages or salary a person earns from working

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Allen 6th Grade Personal Financial Literacy 5.10

12 termsStudBud Administration8 plays

vocabulary words for TEKS 5.10 A, B, C, D, E, & F #Math #PFL

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Questions 12

Answers

1
Electronic Payments
Payment made in paper IOU's (I owe you's)
Payments for your electricity bill, paid in dollar bills
Cash payment at Walmart
Payment made directly from your bank through the internet.
2
Property Tax
A tax paid, one time, at the time of purchase
Tax on goods and services
Tax paid every year on the value of your property
Tax based on income
3
Sales Tax
tax on houses
tax withheld from paychecks
tax you pay every year on a TV you bought at Walmart
tax on goods and services
4
Check
Free money
Is an old form of payment, no one uses it anymore.
A paper to decorate a room with
A legal form of payment that is withdrawn from a bank account.
5
Net Income
How much money a basketball player makes before paying taxes
The amount of money a person gets after taxes have been paid
The total amount of money earned from working
The amount of money a person pays in taxes
6
Debit Card
All of the above.
An alternate form of payment, instead of paying in cash.
A card that is used to purchase items electronically, with your own money.
Used to make everyday purchases. The money is withdrawn from your bank.
7
Gross Income
Income you get after taxes are paid
Income you receive after you pay taxes
Total income earned from working, before paying taxes
The total amount of income earned
8
Payroll Tax
Tax on retail goods
Tax paid on retail items.
Tax on a business
Tax that the employer pays directly to the government.
9
Credit Card
A plastic card used for large purchases, borrowed money from a lender
A plastic card used to open locked doors
Used to make purchases, and money is withdrawn from your checking account
A plastic card used to scrap off ice from the windshield
10
Balanced Budget
A method of keeping your income equal to your expenses.
Not living within your means. Borrowing too much money.
When you spend more than you make.
Spend all the money you have on a PlayStation 5 and not have an income.
11
Income
taxes paid to the government
money spent on Ebay
earnings, wages or salary a person earns from working
tax on money earned
12
Income Tax
money earned from a job
tax on retail goods
tax based on income
tax the employer pays to the government

Allen 6th Grade Personal Financial Literacy 5.10 Flashcards | StudBud