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Financial Literacy Flashcards | StudBud
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Financial Literacy
Money that you bring IN to your home.
When you DROP money into your bank account.
Financial Literacy
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Questions
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Answers
1
When you DROP money into your bank account.
Deposit
Withdrawal
Credit Card
Debit Card
2
Money that you bring IN to your home.
Income
Withdrawal
Payroll Taxes
Expenses
3
Something you do that requires you to use money.
Expense
Net Income
Payroll Taxes
Deposit
4
Your salary BEFORE taxes are taken out.
Income
Gross Income
Property Taxes
Deposit
5
Money taken OUT of you bank account.
Debit Card
Deposit
Withdrawal
Expense
6
CARD used to purchase something using a "BANK LOAN"
Debit Card
Credit Card
Withdrawal
Income Tax
7
CARD used to take money directly from YOUR BANK ACCOUNT.
Debit Card
Deposit
Credit Card
Payroll Tax
8
The amount you receive on your paycheck AFTER taxes are taken out.
Income Taxes
Expense
Withdrawal
Net Income
9
Each year, you must pay _____ to the Federal Government based on your TOTAL INCOME.
Property Taxes
Income Taxes
Deposits
Payroll Taxes
10
If you own a HOME, you must pay _____ each year.
Deposit
Income Taxes
Property Taxes
Sales Taxes
11
When you receive a PAYCHECK, you will notice that ______ have already been deducted.
Payroll Taxes
Income Taxes
Property Taxes
Expenses
12
When you BUY something in the store, you pay this _____.
Property Tax
Sales Tax
Income
Payroll Tax