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Surplus: Income is greater than expenses.
Deficit: Income is lesser than expenses.
PROJECT
LITERACY
FINANCIAL
Expenses: Adjust expenses.
Income: Make more money.
income: Money that we gain.
expenses: Money that we spend.
Fixed expenses: Can´t be adjusted.
Income < expenses
            deficit
Income > expenses 
           surplus
Balance a Budget

Balance a Budget

Actions to Balance a Budget

Payroll: Taxes that are paid, mostly from employers, that are usually based on the salaries that they pay their staff.
property: Taxes that are paid by a land owners to a local government.
Income Tax: Taxes that are paid when money is earned by people and businesses.
Sales: Taxes that are paid when something is sold.
Gross & Net Income

Types of Taxes

Gross income: Total income for working.
Net income: Your take-home amount.
Deductions: Taxes and other amounts taken out or ut income.
HUNG´S
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Transcript

Surplus: Income is greater than expenses.Deficit: Income is lesser than expenses.

PROJECT

LITERACY

FINANCIAL

Expenses: Adjust expenses.Income: Make more money.

income: Money that we gain.expenses: Money that we spend.

Fixed expenses: Can´t be adjusted.

Income < expenses deficit

Income > expenses surplus

Balance a Budget

Balance a Budget

Actions to Balance a Budget

Payroll: Taxes that are paid, mostly from employers, that are usually based on the salaries that they pay their staff.property: Taxes that are paid by a land owners to a local government.

Income Tax: Taxes that are paid when money is earned by people and businesses.Sales: Taxes that are paid when something is sold.

Gross & Net Income

Types of Taxes

Gross income: Total income for working.Net income: Your take-home amount.Deductions: Taxes and other amounts taken out or ut income.

HUNG´S

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