Financial Literacy Vocabulary

Flashcard
•
Mathematics
•
5th Grade
•
Hard
+14
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the additional money paid for items/services that are bought?
Back
Sales Tax
Tags
CCSS.7.RP.A.3
2.
FLASHCARD QUESTION
Front
What do we call the things that are paid for, such as bills, groceries, and savings?
Back
Expenses
Tags
CCSS.L.4.6
CCSS.L.6.6
CCSS.RI.4.4
CCSS.RI.5.4
CCSS.W.5.2D
3.
FLASHCARD QUESTION
Front
What is it called when expenses and income are equal?
Back
Balanced Budget
4.
FLASHCARD QUESTION
Front
What is the additional money paid for land or any buildings on the land?
Back
Property Tax
5.
FLASHCARD QUESTION
Front
What is the money paid by an employee on the money they earn?
Back
Income Tax
Tags
CCSS.6.RP.A.3B
6.
FLASHCARD QUESTION
Front
What is a plan for managing income and expenses?
Back
Budget
7.
FLASHCARD QUESTION
Front
What is the total amount of money earned before any deductions?
Back
Gross Income
Tags
CCSS.7.RP.A.3
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