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2.03 Quiz

Select the Definition that corresponds to the displayed Term.
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1. Insurance




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2. Gross Income




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3. Scholarships/grants from non-government sources.




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4. Net Income




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5. Child Support




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6. Sales of Assets




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7. Expense




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8. Income




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9. Wages or salary before deductions




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10. Net Gain




Select the Term that corresponds to the displayed Definition.
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11. An amount earned by a company on its interest bearing bank accounts or other investments.




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12. A financial award given by the federal, state or local government to an eligible grantee.




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13. The difference between taxes paid and taxes owed.




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14. Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year.




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15. Programs and activities sponsored or administered by local, state, or national governments.




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16. Income coming from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit that is made through an investment vehicle of any kind.




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17. An amount of money added to wages on a seasonal basis, especially as a reward for good performance.




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18. A payment, usually monthly, applied to the balance of a home loan used when purchasing housing.




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19. An instruction, command, or duty given to a person or group of people.




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20. The portion of current income not spent on consumption.





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