Debit and credit
The service everyone uses who earns income
What is financial institutions
A source of revenue
Why is sales tax important
Like most consumers,you probably have a hard time determining the difference wants and need
What’s the difference between wants and needs
There are many things you will learn in your future and how will you earn.
What is income
Pay yourself first
What does it mean to save your money
A business that offers money-related services
What is a credit unions,bank
A copay money paid out of pocket
What is a co pay used for?
A record of income and spending and making a plan for money
What is budget used for
If you have less money, you pay more
Why do you pays more in income tax
Putting money into a savings account
What is a savings account used for?
A credit authorize the to buy goods
do you have a credit
A percentage tax is imposed in the retail price of most items
What do people use percentage tax for?
Expenditure Money that’s is spent on goals
Do you use expenditure?
A gross manual income is a total pay
What is a total pay used for?
a premium is the amount paid for an insurance policy
Have you used premium before?
A card that looks like a credit card but operates like cash
What is a credit card
Sales is a source of revenue
Why don’t we have tax on black Friday
Impulsive buying is making a purchase on an immediate want pressure of advertising
Do you impulsive buy on things?
A gross monthly income is a total amount if earnings
What would you do with earnings?
A risk is a possibility of financial loss
Have you ever took risk in your life?
Pay Pal an online payment service
What is pay pal used for
Medicare a social insurance system
What does this system provid?
Long term goals are plans that you make to accomplish
Would you use long term goals for yourself?
Federal income tax is based on income
Would you use federal income?
A debit is an amount deducted from the bank
Do i use a debit in life?