A study guide for the JA Finance unit in Careers.
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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| Gross annual income (GAI) | The total income earned over a one-year period before deductions are taken off
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| Gross monthly income (GMI) | The total income earned over a one-month period before deductions are taken off (1/12 of GAI)
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| Net annual income (NAI) | The amount of a year's income after deductions are taken off
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| Net monthly income (NMI) | The amount of a month's income after deductions are taken off
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| Stock | A piece of a corporation that is sold to the public in shares
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| Bond | An IOU that is issued by companies, municipalities, or the federal government in exchange for loans that will be returned by a set date.
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| Mutual funds | A collection of stocks/bonds of various companies
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| Budget | A record of income, spending, and a plan for managing money
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| Credit card | A card that authorizes the holder to buy products now, but pay for them later
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| Debit card | A card similar to credit, but money is immediately withdrawn from one's bank account
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| Sales tax | A tax added on to the purchase of certain items/products
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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:
noatib2020
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