Vocabulary
Earning Money
Budgeting
Pricing
Checking/Savings
100
Give a definition of salary.
The amount of money you make per YEAR.
100
If you work from 8:00 am to 4:00 pm, and make $8.50 per hour, how much did you make?
$68.00
100
What is the difference between 'expense' and 'income'?
Income is how much money you make and expense is how much money you spend
100
If you have a $20 bill and CD's cost $8 each, how many CD's would you be able to buy?
2 CD's
100
What is a savings account used for?
SAVING money
200
Give a definition of 'debt'
Debt is when you owe money
200
If you work 8 hours in a day and work for three days, and you make $7.50 an hour, how much did you make in three days?
$180.00
200
List 4 things you need to budget for...
Electric bill, rent, gas, car payment, food, spending money, emergency, etc...
200
If you buy a new pair of shoes and your total is $77.54, but all you have is a $100 bill, how much change will you get back?
$22.46
200
True OR False: You cannot have a checking account AND a savings account.
False
300
Give a definition of 'expense'.
Money you spend on things you need or want.
300
If you make $200 dollars per week, and your workplace takes 25% of your paycheck for taxes, how much will you really have?
$150
300
What is the purpose of a budget?
A budget is a plan so that you can save your money, and still pay for the things you need.
300
What is the difference between a clearance price and a sale price?
A clearance price is permanent and a sale price is temporary
300
A CHECKING account is linked to a... 1) Debit card? or 2) Credit card?
Debit card
400
Give a definition of 'deposit'.
When you add money to an account.
400
Do taxes come out of your pay once every month or once every paycheck?
Once every paycheck
400
If you made a purchase and now need to pay off $300 in one year, how much would you pay per month?
$25.00 per month.
400

You go to the store to buy a pair of shoes that are $68.50. You have two coupons that can be used together. One is ten dollars off original price. The second one is 15% off the discounted price. How much will you have to pay?

$49.73

400
When you take money out of an account you are making a...
Withdrawl
500
What is a time card used for?
It records how many hours you work.
500
You work 34 hours in one week. You make $8.75 per hour. Your employer taxes 25% of your weekly paycheck. How much do you end up making?
$223.13
500
True OR False: When planning your budget, you need to account for taxes.
True!
500
Which buy is the best deal? 1) 3 candy bars for $1.00 2) 7 candy bars for $2.40 3) 12 candy bars for $4.80
3 candy bars for $1.00 is the best deal
500
A piece of paper you fill out that tells the bank how much you are depositing is a...
Deposit slip
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