Financial Literacy
After all the deductions are taken out of a worker's gross pay, the amount that is left.
Net pay
Amounts of money subtracted from a worker's gross pay.
Deductions
Symbol on a map that shows north, south, east, and west.
Compass Rose
To slow down or stop to give other traffic the right of way.
Yield
A word that means "money owed"
Debt
The amount of money earned before any deductions are subtracted.
Gross pay
The number of days an employee works and is paid for each paycheck.
Pay period
Imaginary lines that run north and south, parallel to the prime meridian.
Longitude
To combine into one lane of traffic.
Merge
The amount and value of all that you have minus what you owe.
Net Worth
Fixed amount of money paid to an employee to do a job.
Salary
The amount of money remaining after taxes have been deducted that a person can save or spend as he or she wishes.
Disposable Income
Latitude
A road that ends and only has one way in or out.
dead end
A Plan to monitor spending and saving.
Budget
Taxes that are paid to most state governments, including California.
State income taxes
Taxes Paid to the United States Government
Federal Income Taxes
This is used on a variety of maps showing symbols and their meaning.
Legend
A place where two or more roads meet.
The name of the transaction when you put money into your account.
Deposit
Name of tax form that employers must provide workers for the completion of income tax returns.
W-2 tax form
The Fair Labor Standards Act
Overtime pay rate is not less than one and one-half times the regular rate of pay after 40 hours of work in a week.
What does GPS stand for?
Global Positioning System
A concrete or grassy area that divides different sections of the roadway.
Median
A log to keep track of all checking and savings account transactions, like many of you have used in the past.
Check register