Budget - A plan for saving and spending money, Income - the amount of money you earn, Gross Income - The amount of money you make before taxes are deducted, Net Income - the amount of money you take home after taxes are deducted, Tax - money people pay to support local, state. federal governments, Payroll Tax - A fraction of a person's income, and used to for programs to help people when they retire., Income Tax - money the government collects based on their income., Property Tax - A tax you pay when you own land, a building, or a house, Sales Tax - A tax that people pay when you purchase something., Methods of Payment - Cash, Credit, Electronic Payment, Check,

Financial Literacy

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