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Akers' Money Talk



School:Southport MIddle School
Location:Indianapolis
Comments:These vocabulary terms are for my 8th grade Financial Literacy students.



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List Content

Let's Talk Money!

  • Budget -- spending and savings plan created for a period of time
  • VariableExpense -- Expenses that change from week to week or month to month
  • Taxes -- Fees that support government programs
  • Social Security -- Money to provide income for the elderly and disabled
  • Net Income -- Total amount of wages earned after tax deductions
  • Fixed Expense -- Set amount of money to be paid; amount doesn't change
  • Cash Flow -- Money coming in and money going out
  • State tax -- Money that supports programs at a state level
  • Gross Income -- Total amount of wages before tax deductions
  • Costs -- An amount that must be paid or spent to obtain something
  • Income -- Money received
  • Federal tax -- Money that supports programs on the federal level
  • Medicare -- Money to provide health care for elderly and disabled

Paycheck and Taxes Jargon

  • Taxes --
  • Social Security --
  • Net Income --
  • Cash Flow --
  • State Income --
  • Gross Income --
  • Income --
  • Federal Income --
  • Medicare --
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