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JA Finance

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Gross Annual Income   Total Pay or earnings made over one-year without any deductions.  
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Gross Monthly income   Total pay over a month before any deductions  
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Net annual Income   Remaining after a years worth of deductions  
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Net monthly Income   Remaining after a months worth of deductions  
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Stocks   A share of a corporation sold to the public  
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Bonds   An IOU issued by a company, municipality, or the federal government in exchange for a loan from an investor that will be repaid with a set rate of return.  
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Mutual Funds   A collection of stocks or bonds of various corporations  
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Budget   A record of income and spending and a plan for managing money.  
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Debit Card   A card that looks like a Credit card but acts like cash  
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Credit Card   A card authorizing the hold to buy goods and services that can be paid for later  
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Sales tax   Source of revenue for most state governments  
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