PFL Review

Money you receive after taxes is called:

• gross income
• net income
• salary
• pay day

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan

What type of tax do you pay for Cheetos and soda?

• income tax
• sales tax
• property tax
• payroll tax

Which type of tax do you pay once a year on any money you've earned (job, lottery, etc)?

• payroll tax
• income tax
• sales tax
• property tax

Which of the following is considered a "need" when budgeting?

• money for eating out
• money for going to the movies
• money to pay for your house
• money for your dog's toys

What is money borrowed that must be repaid, usually with interest?

• loan
• check
• checking account
• savings account

What is an account that usually earns interest and is often used to hold money that is not needed right away?

• savings account
• checking account
• loan
• transaction

What can give you a low credit score?

• Paying bills on time.
• Late payments, high credit card balances or owing a lot of money.
• Not giving your friend his dollar back.
• Using your debit card to much.

What does WITHDRAWAL mean?

• put money into an account
• money taken out of an account?
• a way to pay for college
• a Bank Account. 

money paid for the use of money

• interest
• insurance
• collateral
• finance charges