Income & Jobs
Money you earn
What is income?
Money taken out and paid to the government.
What are taxes?
Something you spend money on.
What is an expense?
Uses YOUR money from your bank account.
What is a debit card?
Borrowed money
What is credit?
Fixed amount of money you earn each year
What is salary?
Money taken out of your paycheck.
What are deductions?
A plan for your money
What is a budget?
What is a credit card?
Extra money paid when borrowing a certain amount
What is interest?
Total money earned
What is gross pay?
True or False: Gross pay is always less than net pay because of deductions.
What is false?
Show STAAR #7
C. High-school grades
When money is put into your account.
What is a deposit?
Money you owe
What is debt?
Money you actually take home
What is net pay?
Show STAAR #9
A. $402,500
Show STAAR #5
$1, 143.89
When money is taken out of your account.
What is a withdrawl?
Show STAAR Question 1
A. The total fees by Bank Q will be $10 less than those charged by Bank R.
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B. Student Loan
Show STAAR #8
A. $174,930
Show STAAR #4
$513.18
$7.89
Show STAAR #3
Credit, Debit, Credit, Credit
Show STAAR Question 2
C. The fee at Bank Y will be more than the fee at Bank Z only when the customer's balance is more than $500.