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Careers Study Guide

TermDefinition
Gross Annual Income Earnings over a year period before deductions have been taken
Gross Monthly Income Earnings over a month period before deductions have been taken
Net annual income Income amount remaining after a years worth of deductions have been taken off
Net monthly income Income amount remaining after a months worth of deductions have been taken off
Stock A share in a corperation sold to the public
Bonds A IOU issued by a company, in exchange for a loan from an investor that will be repaid with a set rate of return
Mutual Funds A collection of stocks or bonds of various corperations
Budget A record of income and spending and plan for the money you spend
Credit Card A card authorizing the holders to buy goods and services that can be paid for later
Debit Card A card that looks like a credit card but operates like cast and money is immediately subtracted form the bank account when a purchase is made
Sales tax Required payments to the government when you purchase a product
Created by: libsla2020