| A | B |
|---|
| Commercial Banks | full service finanancial institutions that offer a variety of services |
| Credit Unions | nonprofit financial cooperations owned by its members |
| Savings and Loans | financial institutions that provide loans and mortgages to customers who hold a savings account |
| Payday Loans | Lenders sometimes considered "predatory lenders" because they chare such high interest rates |
| Checking Account | Account where paper checks or debit cards are used to withdraw deposited money |
| Loan | Borrowed money |
| Savings Account | Money deposited into an account to earn interest |
| Interest Rate | A percent that is paid on money in a band account or money owed |
| Income | Money you earn from a job or get by another source over a period of time |
| Pay Period | The length of time for which an employee's wages are calculated |
| Gross Pay | The amount of money earned during a pay period before deductions |
| Hourly Wage | The amount of money earned per hour worked |
| Piece Rate | The payment for a worker who is paid a fixed rate for each item produced or each actions performed |
| IRS | Internal Revenue Service is a federal agency that is responsible for collecting taxes for the U.S. Government |
| Community | Group of people working together for a common good |
| Dependent | A person who relies on another person, usually a family memeber, for financial support |
| Income Tax | Tax a person pays on their earned and unearned income |
| Taxes | Fees that government requires people to pay in order to live and work in their state and United States |
| Unearned Income | Money earned from sources other than working |
| Earned Income | Money earned from working |
