Personal Finance Vocab
Presentation
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Life Skills, Social Studies
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9th - 12th Grade
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Practice Problem
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Medium
Ali Shearer
Used 95+ times
FREE Resource
17 Slides • 6 Questions
1
Personal Finance Vocab
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deduction
money subtracted from a paycheck
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net pay
money you take home after deductions
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gross pay
amount of money you actually earn
5
Multiple Choice
6
Social Security
a government insurance program that pays benefits to retired people
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medicare
a government medical insurance program for people 65 and over
8
Multiple Choice
9
overtime
work performed beyond required or normal hours
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time and a half
a rate of pay that is equal to what a worker usually earns for an hour plus half of that amount
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salary
money earned based on a contract, not an hourly wage; normally eligible for benefits such as health care
12
Multiple Choice
13
loan
money that is borrowed and is expected to be paid back with interest
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interest
amount you pay for the use of borrowed money
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down payment (money down)
the amount of money used to initially purchase something.
16
Multiple Choice
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lease
paying for a portion of the car's actual cost as opposed to having to pay for the car in its entirety
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insurance
a contract between you and an insurance company that says the insurance company will help pay for damages if something happens to you and/or your car
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Multiple Choice
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depreciation
loss of or reduction in value over time
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registration
legal connection of a car to its owner
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operating costs
the costs associated with owning and maintaining a vehicle
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Multiple Choice
Personal Finance Vocab
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