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Careers
| Term | Definition |
|---|---|
| Gross annual Income | Total earnings after a year without any dedutctions |
| Gross monthly income | Total earnings after a month without any dedutctions |
| Net Annual income | Total earnings after a year with deductions |
| Net monthly | Total earnings after a month with deductions |
| Stocks | Fractional ownership in a company |
| Bonds | Issuer promises to pay bond buyer certain sum of money after a stated period |
| Mutual funds | Professionally managed investment with money pooled from shareholders to buy stocks and bonds |
| Budget | A record of income and spending and a plan for managing money |
| Credit card | Card authorizing the holder to buy goods and services that can be paid later |
| Debit card | Card that looks like a credit card but operates like cash |
| Sales tax | A source of revenue for most state government |