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Income and Expense

Personal Finance Income and Expense

TermDefinition
Expense Money Spent
Gross income an individual's income earned as salary or wages before taxes and other deductions
Income Money Received
Income and Expense Statement
Insurance
Mortgage
Net gain When income is greater than expenses
Net income Take home pay
Net loss When expenses are greater than income
Savings The portions of current income not spent on consumption
Created by: AriMei97