Getting Paid
For Rent
Purchasing a Car
Terminology
Planning Your Future
100

This is the term for the type of employee who is paid based on how many hours he/she works.

What is an hourly employee?

100

This is the person who oversees rental contracts in an apartment complex or for a homeowner. 

What is a property manager?

100

A dealership sells a car. This is who manufactures it.

What is the manufacturer?

100

What you are paid before taxes are taken out is called your _____________ salary.

What is gross?

100

This is the type of school you might attend if you want to become a plumber, an electrician or a hair stylist. 

What is a trade school?

200

This is the term for the type of employee who is paid the same amount regardless of how little or how much the person works.

What is a salaried employee?

200

This is the term for an agreement you sign when you rent an apartment or house.

What is a lease?

200

If you aren't paying cash for your car, this is lump sum of money you have to give up front. 

What is a down payment?

200

The amount of your paycheck after taxes have been taken out is called your __________ income.

What is net?

200

Some jobs require a degree beyond a 4 year degree. What are those types of degrees called?

What is a masters degree (or doctorate)?

300

In the United States, an hourly employee that works more than 40 hours a week is paid this.

What is overtime?

300

This is important to have if you rent a home in case of some kind of natural disaster.

What is homeowner's insurance?

300

What the company that made the car thinks you should pay.

What is the MSRP (Manufacturer's Suggested Retail Price)?

300

This type of expense stays exactly the same month after month and year after year. 

What is a fixed expense?

300

This is the general name of the scholarship given to Florida students with good test scores and a record of volunteering at least 75 hours. It can be used to pay for all or some of your college education.  

What is the Bright Futures Scholarship?

400
Employees who sell cars, sell houses, etc, makes a base salary plus this, which is usually based on a percentage of what is sold. 

What is commission?

400

This is the money you pay up front before you rent a house or an apartment. You can get it back later if you are a good tenant. 

What is a security deposit?

400

When purchasing a car, you want to make sure you have one of these in case of a mechanical problem.

What is a warranty?

400

This type of expense changes, so while you may be able to estimate the expense for your budget, the amount changes. 

What is a variable expense?

400

If you cannot pay for college on your own, you might consider taking out one of these. 

What is a student loan?

500

The money that is taken out of your paycheck for taxes is called federal __________________.

What is withholding?

500

If you have bad credit, not enough credit, or do not make enough money, you may need one of these in order to rent.

What is a co-signer?

500

Cars lose value quickly. This is called _________________.

What is depreciation? 

500

Everyone should have this kind of fund in a savings account. You never know what might happen!

What is an emergency fund?

500

If you choose to go to attend college outside of Florida, you will be paying this kind of tuition, which is much higher.

What is out of state tuition?