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JA finance vocab

TermDefinition
Gross Annual Income Yearly pay before taxes
Gross Monthly Income Monthly pay before taxes
Net Annual Income Yearly pay after taxes
Net Monthly Income Monthly pay after taxes
Stocks A share of a corporation.
Bonds An IOU the issuer promises to pay the bond buyer a certain sum of money.
Mutual funds A professionally managed investment With money pooled from shareholders.
Budget The amount of money that you want to spend.
Credit Card A card authorizing the holder to buy goods services that can be paid for later.
Debit Card A card that operates like cash that the money is taken directly from the holders bank account.
Sales Tax A source of revenue for most government and that each state has different sales tax.
Created by: weswoi2020