Finance Vocabulary Matching Worksheet for Grade 6 Students

Problem Description:

The task is to match the definitions in Column A with the correct finance vocabulary terms in Column B. This involves understanding each definition and identifying the corresponding term from the list provided.

Solution:

#### Step 1: Understand Each Definition in Column A
Let's analyze each definition in Column A:

1. When you transfer money in bank.
- This refers to adding money to a bank account.
- Matching term: A. Deposit

2. When you withdraw money from bank.
- This refers to taking money out of a bank account.
- Matching term: E. Withdrawal

3. Taking out money from bank.
- Similar to the previous definition, this also means withdrawing money.
- Matching term: E. Withdrawal

4. Also called net earnings, sales minus cost of goods sold.
- This describes the profit after subtracting the cost of goods sold from sales.
- Matching term: F. Net income

5. Tax paid to a governing body for the sales of certain goods and services.
- This is a tax levied on the sale of goods or services.
- Matching term: H. Sales tax

6. Tax is the value of a property.
- This is a tax based on the assessed value of a property.
- Matching term: C. Property tax

7. Is the individual’s total pay from his or her employer before taxes or other deductions.
- This is the total amount an employee earns before any deductions.
- Matching term: D. Gross income

8. Percentage withheld from an employee’s pay by an employer who pays it to the government on the employee’s behalf.
- This is the tax deducted from an employee's paycheck.
- Matching term: B. Payroll tax

9. Taking out money from bank.
- Again, this refers to withdrawing money from a bank account.
- Matching term: E. Withdrawal

10. Something that is said to hold positive economic value.
- This refers to an asset, which has economic value.
- Matching term: G. Asset

11. Owing something, usually money.
- This refers to being in debt.
- Matching term: J. Debt

#### Step 2: Match Definitions with Terms
Now, let's match each definition in Column A with the correct term in Column B:

| Column A | Column B |
|--------------------------------------------------------------------------|----------|
| 1. When you transfer money in bank. | A. Deposit |
| 2. When you withdraw money from bank. | E. Withdrawal |
| 3. Taking out money from bank. | E. Withdrawal |
| 4. Also called net earnings, sales minus cost of goods sold. | F. Net income |
| 5. Tax paid to a governing body for the sales of certain goods and services. | H. Sales tax |
| 6. Tax is the value of a property. | C. Property tax |
| 7. Is the individual’s total pay from his or her employer before taxes or other deductions. | D. Gross income |
| 8. Percentage withheld from an employee’s pay by an employer who pays it to the government on the employee’s behalf. | B. Payroll tax |
| 9. Taking out money from bank. | E. Withdrawal |
| 10. Something that is said to hold positive economic value. | G. Asset |
| 11. Owing something, usually money. | J. Debt |

#### Final Answer:
\[
\boxed{
\begin{array}{ll}
1. & \text{A. Deposit} \\
2. & \text{E. Withdrawal} \\
3. & \text{E. Withdrawal} \\
4. & \text{F. Net income} \\
5. & \text{H. Sales tax} \\
6. & \text{C. Property tax} \\
7. & \text{D. Gross income} \\
8. & \text{B. Payroll tax} \\
9. & \text{E. Withdrawal} \\
10. & \text{G. Asset} \\
11. & \text{J. Debt} \\
\end{array}
}
\]