Financial Vocabulary Quiz

Match the word from the word bank to the correct definition: A card that can be used to borrow money from financial institutions in order to buy products and services on credit.

• CREDIT CARD

• DEBIT CARD

• GIFT CARD

• MEMBERSHIP CARD

Match the word from the word bank to the correct definition: Payment for goods and services.

• EXPENSE

• INCOME

• SAVINGS

• DEBT

Match the word from the word bank to the correct definition: Money earned or received.

• INCOME

• EXPENSE

• DEBT

• SAVINGS

Match the word from the word bank to the correct definition: Amount of money collected from the property owner based on the value of the property.

• PROPERTY TAX

• INCOME TAX

• SALES TAX

• CAPITAL GAINS TAX

Match the word from the word bank to the correct definition: The remaining income after taxes and other deductions are taken from an individual's gross income.

• NET INCOME

• GROSS INCOME

• TAXABLE INCOME

• DISPOSABLE INCOME

Match the word from the word bank to the correct definition: The amount of money collected by a store, in addition to a good or service purchased.

• SALES TAX

• DISCOUNT

• REVENUE

• PROFIT

Match the word from the word bank to the correct definition: A specific time or instance when money changes hands.

• TRANSACTION

• DEPOSIT

• WITHDRAWAL

• BALANCE

Match the word from the word bank to the correct definition: The total amount of personal income prior to taxes and deductions.

• GROSS INCOME

• NET INCOME

• DISPOSABLE INCOME

• TAXABLE INCOME

Match the word from the word bank to the correct definition: Money collected by an employer from an employee's salary based on their income that is paid to the federal government.

• INCOME TAX

• SALES TAX

• PROPERTY TAX

• VALUE ADDED TAX

MONEY PAID BY AN EMPLOYEE OR BUSINESS TO THE FEDERAL GOVERNMENT BASED ON THEIR INCOME.

• INCOME TAX

• SALES TAX

• PROPERTY TAX

• VALUE ADDED TAX