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200 Vocabulary
PF
| Term | Definition |
|---|---|
| budget | a written plan for giving, saving, and spending |
| income | money received for work, as a gift, or through investments |
| fixed expense | expense that remains the same from month to month |
| variable expense | expense that varies in dollar amount from month to month but that you can expect to have every month |
| intermittent expense | expense that occurs at various times throughout the year and tends to be in large, lump sums |
| discretionary (nonessential) expense | costs that you spend money on after your necessary expenses are covered; your "wants" |
| zero-based budget | a cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero |
| net income | what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay รายได้ที่บุคคลได้รับ |
| gross income | the amount you earn before taxes and other payroll deductions |
| cash-flow statement | a record that summarizes all of the income and outgo (spending) over a certain period of time |
| irregular income | income that comes in at different amounts or at different times, or both |
| commission | earnings based on a percentage of sales made |
Created by:
dupreejp
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