Income and Taxes
What is the money you earn from working called?
Income
What do we call the percentage you pay for borrowing money?
Interest rates
What is the term for not having a job?
Unemployed
What is it called when you want to make something better?
Improve
What do you call it when you say you will do something?
Promise
What is a tax added to the price of goods and services?
VAT
What is the act of using money to buy goods and services?
Spending
What do you call the money you get for working?
Wages
What happens to a budget when you spend less money?
It gets reduced
What is the term for something you want to do in the future?
Plan
What is the tax on the money you earn?
Income tax
When interest rates go up, they _________.
increase
If you lose your job, you are now _________.
Unemployed
If you spend more money, what happens to the budget?
It increases
300: What word means to try to do something you want to do?
Hope
If you pay less tax, your tax has been _________.
reduced
When interest rates go down, they _________.
decrease
What happens to unemployment when there are more jobs?
It decreases
What do you call it when you stop spending money on something?
Cut
400: What word do we use to talk about future actions?
400: Will
What happens to public services when there are budget cuts?
They receive less funding
What is it called when the government spends money on roads, schools, and hospitals?
Public services
What is a person who does not have a job called?
Unemployed person
What happens to public services when spending is cut?
They get worse
500: If you make a promise to spend less money, you plan to ____. (Cut spending)