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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
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StudBud Administration
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5th Grade Financial Literacy
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Income left after taxes
Income Tax
Payroll Tax
Gross Income
Net Income
2
A card issued by a bank that allows a user to immediately use money from an account
Credit Card
Deposit
Debit Card
Net Income
3
A card issued by a bank that allows you to buy things now and pay later
Debit Card
Net Income
Deposit
Credit Card
4
A tax on the value of items such as cars, houses, boats, or land
Income Tax
Payroll Tax
Sales Tax
Property Tax
5
A tax added to the cost of items and services
Income Tax
Sales Tax
Property Tax
Payroll Tax
6
Total income before payroll tax/deductions are taken out
Net Income
Payroll Tax
Gross Income
Income Tax
7
Money taken out of a bank account
Debit Card
Deposit
Withdrawal
Credit Card
8
The total tax an employer withholds from an employee's paycheck
Income Tax
Payroll Tax
Property Tax
Sales Tax
9
A tax on the amount of money you earn
Property Tax
Payroll Tax
Sales Tax
Income Tax
10
Money put into a bank account
Gross Income
Net Income
Withdrawal
Deposit
