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Vocabulary
Term | Definition |
---|---|
Gross Annual Income | The total pay or earnings made over a one-year period before any deductions are made. |
Gross Monthly Income | The total amount of earnings made over a month before any deductions are made. |
Net Annual Income | The income amount remaining after a year's worth of deductions have been taken. |
Net Monthly Income | The amount of monthly income remaining after all deductions have been taken. |
Stocks | A share in a coorperation sold to the public. |
Bonds | An IOU issued by a company to pay the buyer a certain amount of money at the end of a stated period. |
Mutual Funds | A collection of stocks or bonds of various coorperations. |
Budget | A plan for managing money spent. |
Credit Card | A card used to buy goods and pay later. |
Debit Card | A card used to take money immediately out of the bank account after purchasing goods. |
Sales Tax | A source of revenue for most state governments. |