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Vocabulary 2.04

Income and Expense Statement Vocabulary List

TermDefinition
Wages or Salary before deductions The amount of money you make without anything taken out
commissions A service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security.
tips extra money given by customers on the job not part of your assured salary
bonuses money added to your salary
tax refunds money given back from taxes
interest earned money gained off of interest
investment earnings money gained off of investments
sales of assets selling any assets for money
money from savings the money that is in your savings account doesn't usually have direct or easy access
money from investments money used and earned from inversting
scholarships/ grants from non government sources money given from non government sources for a scholarship and not for something else
money frm others money given to you by others not from a job
child support Money paid by a parent for the financial support of a minor child. It may include medical, dental, and educational expenses.
scholarships/ grants from government sources scholarship money given to you by the government
government programs such as social sucurity and workers comp social secutity and workers comp are government programs
Created by: BaileyBaucom