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2.03 Test

Enter the letter for the matching Definition
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1.
Net Gain
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2.
Commissions
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3.
Child Support
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4.
Income and Expense Statement
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5.
Income
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6.
Mortgage
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7.
Money from others
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8.
Expense
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9.
Scholarships/grants from government sources
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10.
Investment Earnings
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11.
Government programs such as Social Security and worker's compensation
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12.
Sales of Assets
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13.
Tips
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14.
Wages or salary before deductions
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15.
Scholarships/grants from non-government sources.
A.
When income is greater than expenses.
B.
Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year.
C.
An instruction, command, or duty given to a person or group of people.
D.
Scholarships and grants that come from non-government funded sources.
E.
A financial award given by the federal, state or local government to an eligible grantee.
F.
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.
G.
Money spent.
H.
A piece of advice or expert or authoritative information
I.
Money received.
J.
Money borrowed as unsecured loans, or contributed by smaller stockholders.
K.
A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
L.
Programs and activities sponsored or administered by local, state, or national governments.
M.
A payment, usually monthly, applied to the balance of a home loan used when purchasing housing.
N.
Court-ordered payments, typically made by a noncustodial divorced parent, to support one's minor child or children.
O.
The compensated distribution of valuable property that can be tangible or intangible.
Type the Definition that corresponds to the displayed Term.
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16.
Net Income
Type the Term that corresponds to the displayed Definition.
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17.
The difference between taxes paid and taxes owed.
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18.
An individual's income earned as salary or wages before taxes and other deductibles.
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19.
An amount of money you get from saving.
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20.
The portion of current income not spent on consumption.
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21.
An amount of money you get from making investments.
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22.
An amount earned by a company on its interest bearing bank accounts or other investments.
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23.
When expenses are greater than income.
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24.
An amount of money added to wages on a seasonal basis, especially as a reward for good performance.
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25.
A product that transfers risk from an individual to an insurance company or organization.

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