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Vocabulary 2.04
Income and Expense Statement Vocabulary List
| Term | Definition |
|---|---|
| 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 |