Types of Payment
A financial institution that accepts deposits from the public.
A Bank
If Santiago bought a football that cost $21.50 but ended up paying $23.43, what kind of tax did he pay?
Sales Tax
The total amount of personal income prior to or before taxes and deductions...
Gross income
What does it mean to have a balanced budget?
A person's income is equal to their expenses.
The number of feet in 6 yards.
18 feet
You're buying a bag of Takis and a powerade at the store. You would use this to pay for it.
Cash or Debit Card
A type of tax you pay to the federal government on what you earn as income.
Income Tax
The amount of money a person actually earns AFTER taxes are taken out is...
Net Income
Michael's budget is not balanced. Which of the following should he do:
A. Skip paying rent for this month.
B. Don't buy any food this month.
C. Pay less in entertainment and eating out.
D. Don't pay his phone bill.
C. Pay less in entertainment and eating out.
The number of milliliters in 25 liters.
25,000 mL
A card issued by the bank that allows the holder to transfer money electronically from their own account to another account when making a purchase.
Debit Card
A type of tax paid to the government, based on the value of a person's home...
Property Tax
If Sofia gross income is $250 but took home $192. What were her total deductions?
$58
What is one way to balance an unbalanced budget?
Eliminate or reduce expenses. Reduce variable expenses.
The number of cups in 2 gallons
32 cups
What should your credit card balance be by the end of the month?
It should be $0.00 by the end of the month.
Rosalie works for Amazon. The kind of tax Rosalie pays on the amount she earns as income.
Income Tax
Jesus earns $17 an hour at Chick-Fil-A. This week he worked 32 hours. Jesus' gross income this week is...
$544
Josue's net income is $1,200 a month. A list of his expenses are the following:
Rent: $720 Food $200 Car $150 Gas $50
How much money should he put in his savings account at the end of the month?
$80
Lionel Messi has the world record for kicking a soccer ball 18 meters high in the air.
The number of centimeters in 18 meters is...
1,800 centimeters
Aaron really wants the new PS5, which costs $500. Aaron has $200.00 in his Bank of Piña. However, he just received a credit card with a $1000 limit. Should Aaron use his credit card to buy a PS5? Why or why not?
NO! Aaron should not use his credit card because he does not have enough money in his checking account to pay off his credit card bill. He will end up paying interest on the outstanding balance owing on his credit card.
This tax is the amount of money that a company withholds from its employees for the federal government as required by law.
Hint: Social Security and Medicare
Payroll Tax
Layla works at a trampoline park. Last month, she earned $1,570 in gross income. Her net income was $1,338. Layla's deductions were....
$232
Look at the question Ms. Piña has on the slideshow:
$103
The difference between
0.85 meters and 0.22 meters= ________centimeters
63 centimeters