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JA finance vocab

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   Yearly pay before taxes  
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Gross Monthly Income   Monthly pay before taxes  
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Net Annual Income   Yearly pay after taxes  
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Net Monthly Income   Monthly pay after taxes  
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Stocks   A share of a corporation.  
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Bonds   An IOU the issuer promises to pay the bond buyer a certain sum of money.  
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Mutual funds   A professionally managed investment With money pooled from shareholders.  
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Budget   The amount of money that you want to spend.  
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Credit Card   A card authorizing the holder to buy goods services that can be paid for later.  
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Debit Card   A card that operates like cash that the money is taken directly from the holders bank account.  
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Sales Tax   A source of revenue for most government and that each state has different sales tax.  
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Created by: weswoi2020
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