Financial Literacy

Front

money earned or received

Back

Income

Front

Tax the boss takes out of your check for social security and medicare

Back

Payroll tax

Front

Tax on the value of a house, building or land

Back

Property tax

Front

The income that remains after taxes and other deductions

Back

Net Income

Front

a written document telling the financial institution to pay someone

Back

Check

Front

A card that can be used to borrow money from financial institutions.

Back

credit card

Front

Money taken out your income

Back

deductions

Front

A bankcard linked to an individual’s checking account. Options: debit card, credit card, check card, electronic card.

Back

debit card

Front

Tom's net income was $400. His gross income was $440. How much was taken out for deductions?

Back

$40

Front

Jill earned $220 gross income last month. She had to pay $13 for payroll tax and $27 for income tax. How much was Jill's net income?

Back

$180