Money Vocab

What is the total amount earned for work (before any deductions are taken out)?

• Gross pay
• Net pay
• Premium
• Sales tax

What is a monthly amount that is paid toward an insurance policy?

• Deductible
• Insurance
• Copay
• Premium

What is a loan that is used to buy a home and is paid back on a monthly basis?

• Principle
• Insurance
• Mortgage
• Rent

What is an estimate of income and expenses for a period of time?

• Interest
• Budget
• Markup
• Principle

What is the amount paid to worker after deductions have been taken out?

• Copay
• Interest
• Net pay
• IRA

What is financial protection that is purchased ahead of time for a possible eventuality?

• Discount
• Insurance
• Rebate
• Budget

What is the sum of money paid up front for a large purchase (that's financed with a loan) called?

• Compound interest
• Payment
• Down payment
• Simple interest

What is a fee based on percentage of an amount received or collected or agreed to be paid?

• Commission
• Interest
• Markup
• Deductible

What is an additional amount paid by the purchaser that is passed on to the state?

• Simple interest
• Sales tax
• Wholesale price
• Rebate

What is it called when money is taken out of your bank account?

• Credit
• Debit
• Transfer
• Nothing