Vocab 1
Vocab 2
Need Vs want
Change you can believe in
Etc.
100
The money you bring in is called...
Income
100
The extra money you give someone, such as a waiter, to thank them for a service.
Tip
100
Popcorn at the movies (need or want)
Want
100
True or false: If I pay exactly the amount something costs, I will get change back.
False.
100
Full name, Social security number, mother's maiden name, address are all examples of this.
Personal Information
200
The word for putting money into a bank account is
Deposit/Depositing
200
The word for taking money out of your bank account
Withdraw/Withdrawal
200
Apartment Rent (need or want)
Need
200
I want to buy a TV that costs $400. I have $40. Do i have enough
No. You need 380 more.
200
When an item costs a bit more than it says on the price tag, it is probably because of this type of tax.
Sales Tax.
300
The total amount of money you have in your bank account is called your...
Balance
300
This is the plan you create about how much money you plan on spending and saving
Budget
300
Groceries (need or want)
Need
300
0.77
300
This document tells you how much money is in your bank account each month.
Bank statement
400
When a business makes more money than it spends, it has earned this.
Profit
400
If you have a disability and receive income each month, it is most likely this type of income
Social Security Income (SSI)
400
Cell phone bill (need or want)
Need*
400
Give 2 different ways you could make 25 cents in coins
1 quarter, 5 nickles, 2 dimes and 1 nickle, etc.
400
This is the amount of money you are allowed to have saved in a regular bank account if you receive SSI
Asset Cap/ $2000
500
This is the amount of money you earn in a paycheck, before taxes or deductions are taken out.
Gross income
500
This is the amount of money you take home from your paycheck after taxes and deductions are taken out.
Net Income
500
True or false: If something is a "need" for you, that means it is always going to be a "need" for everyone else.
False. People have different needs/wants.
500
You are a cashier. Someone wants to purchase a snack for $2.50. They give you a $5 dollar bill. You owe them this much change.
$2.50
500
THis is a type of account that you can put more money in if you receive SSI.
ABLE account.