Data Analysis and Personal Financial Literacy Vocabulary

Math Vocab

Bar Graph

A graph that uses horizontal or vertical bars to display data.

Data

Information collected about people or things, often to draw conclusions about them.

Dot Plot

A graph that records each piece of data along a number line.

Frequency Table

A table that uses numbers to record data about how often something happens.

Interval

The difference between one number and the next on the scale of a graph.

Line Plot

A graph that also records each piece of data along a number line.

Scale

A series of numbers placed at fixed distances on a graph to help label the graph.

Scatter Plot

A graph that shows a relationship between two sets of data.

Stem and Leaf Plot

A graph that shows groups of data arranged by place value.

Balanced Budget

A budget where income equals expenses.

Budget

An organized plan for spending and saving money.

Credit Card

A card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time, usually charging interest.

Debit Card

An identification card issued by a bank that allows a user to immediately remove money from an account.

Deduction

A subtraction of something.

Income

Money earned.

Income Tax

Money paid to a city, town or state government, or to the U.S. government based on income.

Interest

Additional money paid by a borrower to a lender in exchange for the use of the lender’s money.

Expense

The cost required of something; the money spent on something.

Gross Income

The money made BEFORE any taxes are taken out.

Net Income

Income that is left AFTER taxes are taken out.

Payroll Tax

Money an employer withholds from an employee’s earnings.

Property Tax

A portion of the value of items that is paid to a city or state government, charged on things such as cars, houses, boats, or land.

Sales Tax

Money added to the cost of items or services, varying from state to state and city to city.

Retail Cost

The price the customer will pay.

Wage

A fixed regular payment, paid on a daily or weekly basis.

Salary

A fixed regular payment, usually paid on a monthly basis.