Terms
A plan for earning and spending over a period of time.
What is a budget?
You are buying some candy for $3.00. You pay with a $10.00 bill. How much money do you have left?
What is $7.00?
The kind of tax that is charged when you buy something at a store.
What is sales tax?
You have a $50.00 bill. You want to buy a gift for your mom that is $44.00 before tax. Tax is 13%. Do you have enough?
What is yes?
Money a business needs to spend to operate.
What are expenses?
You are buying a new soccer ball for $44.00. You pay with a $50.00 bill. How much change do you get?
What is $6.00?
The kind of tax that is charged on your salary or income.
What is income tax?
If sales tax is 13%, how much tax will you pay on a $40.00 sweater?
What is $5.20?
The money a person makes from their job.
What is income?
You are buying your best friend a birthday present for $20.50. You pay with a $50.00 bill. How much change does the cashier give you?
What is $29.50?
The type of tax that is paid on the value of properties.
What is property tax?
If sales tax is 13%, how much tax will you pay on a book that costs $25.50?
What is $3.31?
A sum of money that is given with the expectation that it will be paid back in the future.
What is a loan?
BONUS! The percentage of sales tax that is charged in Ontario.
What is 13%?
The three different types of sales tax.
What are HST, GST and PST?
If sales tax is 13%, what is the TOTAL cost if you are buying a board game where the cost BEFORE tax is $30.00?
What is $33.90?
To spend money with the expectation that it will make you more money in the future.
What is investing?
You are going to see a movie with your friends. Your ticket costs $14.75. You buy popcorn and a drink for $11.00. You pay with a $50.00 bill. How much change do you get?
What is $24.25?
The kind of tax that is charged when something is sold to another country.
What is a tariff?
If sales tax is 13%, what is the TOTAL cost if you are buying a board game where the cost BEFORE tax is $149.50?
What is $19.43?