Financial Literacy

The tax you pay when you buy something from a store is

A plan for how much income will be received and how it will be spent is called a 

income before any taxes are taken out of it is called

Payroll taxes are deducted from your gross income

An order in writing to a bank asking that a certain sum of money be paid out of one's account

Gross income is the

the amount of money you receive after deductions are subtracted from your gross income is

All are advantages of electronic payment except

money people pay to support the government is called

All forms of payment shows your spending except

income that is left after taxes are taken out

A card issued that allows a user to buy items and services immediately and pay the cost later

A budget is an organized plan for spending and saving money

All are advantages of debit cards except

A card issued by a bank that allows a user to immediately remove money from an account

All are disadvantages of credit cards except

Money added to the cost of items and services is called

Money an employer withholds from an employee's earnings is called

A ______ occurs when the total amount of money spent, saved, and shared equals the total income

All are disadvantages of checks except

The taxes you pay on a house are 

a portion of value of items (cars, houses, boats, or land) that is paid the government

All of these forms of payment are fast and easy except

Money paid to the government is called a

Money paid to a city, town or state government based on income is called