Banking
Besides money, what do you need to open a bank account?
Your ID
How do you get an income?
A job
What is your "take home" pay called?
Net Pay
What is your balance?
How much money you have in your account
How much is a quarter worth?
$0.25 or 25 Cents
Which account is used to pay bills (savings or checking)?
Checking
Name 3 "needs" that your income is used for
Home, Food, Clothing, Transportation, Bills
What are all of the taxes that come out of your pay called?
Deductions
If you make a deposit are you adding or subtracting money from your balance?
Adding
How much is a Dime worth?
$0.10 or 10 Cents
When you put money into the bank, what are you making?
A Deposit
Besides a job, where else can you earn or receive money?
Chores or Gifts
What are the 3 Deductions that come out of your work intern pay?
Federal Tax
State Tax
FICA
If you are making a withdrawal from your account, are you adding or subtracting money from your account?
Subtracting
How much is a Nickel worth?
$0.05 or 5 Cents
When you take money out of your account what is it called?
Withdrawal
What is a savings account for?
To put money away for either emergencies, big wants or needs for a later date.
What is your pay called before the deductions come out?
Gross Pay
Your balance is $5432.90
You make a deposit of $450.00
What is your new balance?
$5432.90 + $450.00 = $5882.90
How much is 4 Quarters worth?
$1.00 or 1 Dollar
What is an ATM?
An automated teller machine
A machine where you can get your balance, take money out or put money into your account
What is minimum wage?
$16.00
What is your paystub?
A receipt, a portion of your paycheck that shows you your gross pay, deductions and net pay.
If your balance is $7894.75
You make a withdrawal of $765.00
What is your new balance?
$7894.75 - $765.00 = $7129.75
Which coin is worth the most (dime, nickel or quarter)
Quarter