7th gr. Financial Literacy

Items that are owned by an individual

• assets
• liabilities
• property
• expenses

A plan for spending

• income
• expenses
• sales tax
• budget

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

A voucher entitling its user to a cash refund

• liability
• coupon
• expense
• wage

Tags

CCSS.2.MD.C.8

The cost required to buy an item or service

• coupon
• expenses
• income
• wage

Tags

CCSS.4.MD.A.2

CCSS.4.OA.A.3

a family plan for spending

• income taxes
• expenses
• family budget
• liability

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Costs that do not change based on the amount that is used

• net worth
• variable expenses
• liabilities
• fixed expenses

A financial gain from capital or labor

• income
• coupon
• monetary incentive
• rebate

A tax on the net income of an individual or business

• monetary incentives
• property tax
• sales tax
• income tax

Debts that are owed by an individual

• liabilities
• fixed expenses
• net worth
• assets

Financial reasons, such as sales, rebates, and coupons, to buy a particular item.

• monetary incentives
• tax refund
• liabilities
• when the cashier makes a mistake in your favor