Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove Ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Personal Fin Unit 1

Personal Finance Unit 1 Vocab

QuestionAnswer
Barter Exchanging good for good
Durability Money can last
Portability Money can be carried
Divisibility Money can be divided into smaller denominations
Uniformity Money all looks similar
Limited Supply There is a set amount of money in the world
Acceptability The citizens of a country like and use the money
Lawful Money Silver and Gold, money backed by silver/gold
Fiat Monetary System Uses legal tender
Legal Tender Money NOT BACKED by silver or gold
Treasury Department Government agency responsible for printing cash and minting currency
Cashless Ability to pay for things without cash
Career A group of related jobs that you will have throughout your life (primary source of income)
Gross Income What your company pays you to work
Net Income/Take home Pay What you get to take home (after taxes and deductions)
Deductions Money that is taken out of your paycheck for things like health insurance, pensions, union dues, etc...
FICA Social Security Tax
FICM Medicare Tax
Adjusted Gross Income Your income minus any adjustments to your income
Taxable Income Income your taxes are based on
Standard Deductions Used to reduce a person's gross income for tax purposes, include set amounts for singles, married couples and heads of households
Itemized Deductions Used to reduce a person's gross income for taz purposes - but people have to SAVE ALL THEIR RECIEPTS!
Tax Credits Reduce the taxes you owe $ for $
Created by: abolin