Financial Literacy

money earned or received

• Expenses
• Income
• Deductions
• Check

Tags

CCSS.6.NS.C.5

the total amount of personal income before taxes and deductions 

• Net Income
• Gross Income

Tax the boss takes out of your check for social security and medicare

• Property Tax
• Income Tax
• Sales Tax
• Payroll tax

Tax on the value of a house, building or land

• Sales Tax
• Property tax
• Income Tax

Money paid to the government

• Budget
• Fees
• Taxes
• Food stamps

Tax on something you buy

• Sales Tax
• Property tax
• income tax
• payroll tax

Tax on money from a job, paid once a year on April 15 to the IRS

• Payroll tax
• Coupons
• Sales Tax
• Income Tax

the income that remains after taxes and other deductions

• Net Income
• Gross income

a written document telling the financial institution to pay someone

• Cash
• Card
• Check
• Debit 

a card that can be used to borrow money from financial institutions,

• debit card
• credit card
• check card
• cash card