3 Everfi Future Smart: Ways To Pay Study Guide Graded A+

Grace Period {Ans: The period of time after a bill is due during which payment may be made without penalty}Scholarship {Ans: A sum of money that does not need to be repaid; usually earned on the basis of academic or athletic achievements to help pay for something like college}Salary {Ans: A fixed amount of money paid to an employee for each pay period.}Federal Income Taxes {Ans: Taxes used to pay for government services like roads, health care, national defense}Net Pay {Ans: The amount you get paid AFTER taxes are removed}Debit Card {Ans: A card that connects directly to a checking account}