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20 Cards in this Set
- Front
- Back
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Budget |
a spending plan people make to ensure there is enough income to cover all expenses |
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Career |
something you obtain by going to school and working jobs related to the work you want to do |
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Career cluster |
a grouping of jobs and industries related by skills or products |
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Charity |
giving resources or volunteering time to help those in need |
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Entrepreneur |
a person who starts his or her own business |
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Financial literacy |
the knowledge and skills to manage money |
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Gross Annual Income |
Total pay or earnings made over one-year before any deductions have been taken |
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Gross Monthly Income |
Total amount of earnings made over a month before any deductions |
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Income tax |
a tax on earnings from wages, salaries, tips, interest, rents, capital gains and stock dividends |
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Medicare |
a social health insurance program that covers almost all Americans age 65 and over |
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Net Annual Income |
Income amount remaining after a year's worth of deductions have been taken |
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Net Monthly Income |
Amount of monthly income remaining after all deductions have been taken; take-home pay |
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Social Security |
a social insurance system that provides benefits to most Americans who are retired, sick, or to disabled to work, and to families of workers who have died |
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Income |
money earned from working and other means |
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Job |
work you do for money |
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Property Tax |
taxes based on a property's value; includes homes, cars, commercial bldgs, and factories |
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Salary |
payment for work, represented as a yearly sum; can also include sick time and vacation time |
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Sales tax |
a fee added to the sticker price of an item that is paid to the state or city |
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Savings |
money set aside for short- or long-term goals |
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Taxes |
fees placed on income, purchases, or property to support government programs |
