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Personal Finance
Question | Answer |
---|---|
budget | An itemized estimate of expected income and expenses. |
fixed expense | Regularly occurring costs that generally don't change in dollar amount. |
variable expense | Regularly occurring costs that generally change in dollar amount. |
gross pay | Paycheck total before any taxes and deductions are taken out. |
net pay | Paycheck total after any taxes and deductions are taken out. |
deductions | An amount that is taken out of a paycheck. |
debit card | Can be used instead of cash when making purchases. |
credit card | Issued by a bank allowing the holder to purchase goods or services on credit. |
investment | To distribute money in the expectation of some benefit in the future. |
income | Money earned from job or investments. |
annual | Occurring once every year. |
salary | Typically paid by employer on a monthly or biweekly basis but often expressed as an annual amount. |
taxes | Mandatory charge by a governmental organization in order to fund various public expenditures. |
debt | Money owed. |
interest | Percentage of an amount borrowed or earned. |