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Income and Expense Statement Vocabulary List

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Term
Definition
Wages or Salary before deductions   The amount of money you make without anything taken out  
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commissions   A service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security.  
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tips   extra money given by customers on the job not part of your assured salary  
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bonuses   money added to your salary  
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tax refunds   money given back from taxes  
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interest earned   money gained off of interest  
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investment earnings   money gained off of investments  
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sales of assets   selling any assets for money  
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money from savings   the money that is in your savings account doesn't usually have direct or easy access  
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money from investments   money used and earned from inversting  
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scholarships/ grants from non government sources   money given from non government sources for a scholarship and not for something else  
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money frm others   money given to you by others not from a job  
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child support   Money paid by a parent for the financial support of a minor child. It may include medical, dental, and educational expenses.  
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scholarships/ grants from government sources   scholarship money given to you by the government  
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government programs such as social sucurity and workers comp   social secutity and workers comp are government programs  
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Created by: BaileyBaucom
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