Budget - A plan for your money., Gross Income - The total amount of money you earn BEFORE deductions., Net Income - The amount of money you receive AFTER deductions., Property Tax - Taxes on your house or land., Payroll Tax - Taxes that employers take out of your paychecks., Sales Tax - Taxes paid on the purchase of goods and services, Income Tax - Taxes on the income of person or business., Interest - The amount you have to pay when you buy something now and pay for it later., Income - Money received on a regular basis, for work or through investments., Debit - The money taken out of your account such as when you use an ATM,, Balance - The money in your account., Taxes - Money that people pay to support the government.,

Bellringer - Basic Economic Vocabulary

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