Taxes
Credit
Accounts & Investment
Personal Budget
100

A tax on wages or salary (amount earned) paid to both state and federal governments.

What is income tax?

100
The charge for the privilege of borrowing money, typically expressed as a percentage rate.
What is interest?
100
These two types of accounts, maintained by commercial banks and credit unions, may or may not have associated fees, pay interest, or require minimum balances. Deposits and withdrawals are made directly from such accounts, often via bank tellers and ATMs.
What are checking and savings accounts?
100

When you have a plan in place that measures your spending and expenses.

What is a budget?

200

This tax applies to any homeowner.

What is property tax?

200

This allows you to make small purchases and pay for them later.

What is a credit card?

200

This type of card takes money directly from your checking account.

What is a debit card?

200
This is the income received prior to taxes and deductions.
What is gross pay?
300

The Federal Income Contributions Act (FICA) requires that you pay this "payroll tax" for retirement.

What is Social Security Tax ?

300

A rating of a consumer's ability to repay debts and demonstrated responsibility in repaying debts.

What is credit score?

300
The term that denotes the amount borrowed or the amount still owed on a loan, OR the original amount invested.
What is principal?
300
This is income after taxes and deductions.
What is net pay?
400

A tax that your local government takes out of your income.

What is city tax?

400
Something pledged as security for repayment of a loan (e.g. a house or car), to be forfeited in the event of a default.
What is collateral?
400

The Interest calculated by the formula I= P x R x T. 

Is called what?

What is Simple interest?

400

This type of expense includes mortgage or rent, insurance, and utilities.

What are Needs?

500

The Federal Income Contributions Act (FICA) requires that you pay this "payroll tax" for healthcare.

What is Medicare tax?

500
In general, the longer the term of the loan, the higher this is.
What is the interest rate?
500

This "rule" has you balance your Needs, Wants, and Savings.

What is the 50, 30, and 20 Rule?

500

This type of expense includes personal entertainment or travel costs, and other discretionary items.

What are wants?

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