Financial Literacy

Front

What is a stock?

Back

A type of savings that signifies that you own a part of a corporation and a claim to their assets and earnings.

Front

What is a variable expense?

Back

An expense that can change from month to month, such as an electricity bill.

Front

What is net pay?

Back

The amount left over from your paycheck after taxes and deductions.

Front

What is the income tax bracket for an annual income of $65,000?

Back

22%.

Front

True or False: Most millionaires are college graduates.

Back

True.

Tags

CCSS.RL.11-12.6

Front

What is a share?

Back

A unit of ownership in a corporation, often used interchangeably with stock.

Front

What is a dividend?

Back

A portion of a company's earnings distributed to shareholders.

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain constant each month, while variable expenses can fluctuate.

Front

What is a budget?

Back

A plan that outlines expected income and expenses over a specific period.

Tags

CCSS.6.EE.B.8

Front

What is the purpose of an emergency fund?

Back

To provide financial security in case of unexpected expenses.