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Personal Finance

QuestionAnswer
budget An itemized estimate of expected income and expenses.
fixed expense Regularly occurring costs that generally don't change in dollar amount.
variable expense Regularly occurring costs that generally change in dollar amount.
gross pay Paycheck total before any taxes and deductions are taken out.
net pay Paycheck total after any taxes and deductions are taken out.
deductions An amount that is taken out of a paycheck.
debit card Can be used instead of cash when making purchases.
credit card Issued by a bank allowing the holder to purchase goods or services on credit.
investment To distribute money in the expectation of some benefit in the future.
income Money earned from job or investments.
annual Occurring once every year.
salary Typically paid by employer on a monthly or biweekly basis but often expressed as an annual amount.
taxes Mandatory charge by a governmental organization in order to fund various public expenditures.
debt Money owed.
interest Percentage of an amount borrowed or earned.
Created by: gsaunders