Category 1
Money sent directly to my bank account from my job.
What is direct deposit?
the amount of money collected on the value of a property for the local government as required by law
What is property tax
the amount of money collected by a store, in addition to the good or service that was purchased, for the local government as required by law
What is sales tax?
If Sara worked 35 hours and she earns $13 per hour, what was her gross income?
What is $455
A goal that takes less than 3 months to achieve.
What is a short term goal?
The amount of money that remains after taxes and other deductions are taken from an individual's gross income.
What is net income?
Money taken out or subtracted.
What is deduction?
Talia hired Bonnie and Oliver to work in her pizza restaurant. What kind of tax will Talia need to pay for hiring people?
What is payroll tax
If Sofia earned $250 but took home $192. What were her total deductions?
What is $58.
This method of payment does NOT give you a record of money spent.
What is cash?
This tax is the amount of money that a company withholds from its employees for the federal government as required by law.
What is payroll tax?
gross income
What is the total amount of income prior to taxes and deductions
A plan for how much income will be received and how it will be spent.
What is a budget?
Shay is the owner of a 3 family house. What kind of tax will she need to pay the government?
What is property tax?
ONE advantage of paying with a credit card
What is
fast
easy
accepted almost everywhere
Specific, Measurable, Attainable, Realistic, Timebound
What is a SMART GOAL?
When you put money into your bank account.
What is a deposit?
Expenses that change like Groceries, Gas and Entertainment
What are variable expenses?
Jacob's net income was $350. What is his gross income if the total amount of the deductions was $72.50
What is $422.50?
Money earned from owning property and leasing it out.
What is rental income?
If Santiago bought a football that cost $21.50 but ended up paying $23.43, what kind of tax did he pay.
What is sales tax?
Gross income minus deductions equals...
What is net income?
Rosalie works for Amazon. What kind of taxes does Rosalie need to pay for being an employee?
What is income tax?
Expenses that stay the same like, Rent, Car Insurance, and Car Notes.
What are fixed expenses?
Money earned from owning Stocks
What is dividend income?