Financial Literacy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Social Security | A federal government program that provides benefits for retired and disabled people.
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| IRA | Individual retirement account
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| Medicare | A federal health insurance program that provides medical benefits for people 65 years or older as well as certain individuals with disabilities.
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| Net pay | Take-home pay
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| Gross pay | Total pay
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| Paycheck | A check issued to an employee in payment of salary or wages.
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| Bank Statement | A report from your bank to show how much money is in your account.
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| Withhold | To take out (as in money from a paycheck.)
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| Interest rate | Rate at which banks pays depositors for use of their money.
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| Budget | A plan for saving and spending money.
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| 401(k) Plan | A type of retirement plan in which an employee contributes a specific portion of his or her salary to the plan each year.
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| Taxes | Money that individuals must pay to the government to support government services.
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| Income tax | Tax paid to the government on income earned.
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| Insurance | Protection against accidents and financial losses
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| Investing | Using money to purchase a financial product with the expectation of gaining.
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| Income | The amount of money a person receives or earns regularly.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
michael04
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