2.04 PersonalFinance Word Scramble
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Term | Definition |
Expense | Money spent. |
Gross Income | An individual's income earned as salary or wages before taxes and other deductions. |
Income and Expense Statement | Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year. |
Insurance | A product that transfers risk from an individual to an insurance company or organization. |
Mortgage | A payment, usually monthly, applied to the balance of a home loan used when purchasing housing. |
Net Gain | When income is greater than expenses. |
Net Income | Take home pay. |
Net Loss | When expenses are greater than income. |
Savings | The portion of current income not spent on consumption. |
Tips | A sum of money given to someone as a payment for their work. |
Tax Refunds | The return of income tax. |
Commissions | Money paid to an agent in a transaction. |
Bonuses | Money added to wages on a certain basis sometimes a reward for a well done performance. |
Child Support | Payments made by a divorced parent to support their child. |
Wages | Money paid from work by the hour, week or monthly. |
Social Security | A government system that gives monetary assistance. |
Money From Investment | Capital. |
Investment Earnings | Money earned after investment cost. |
Sales of Assets | A distribution of property that could be tangible or intangible. |
Money From Savings | The money left over after saving over a period of time. |
Money From Others | Money paid to someone who isn't their boss. |
Income | Money received. |
Government Grants | A grant that can be used for research in a business. |
Non-Government Grants | A grant that's not given by the government that's used for research. |
Created by:
MarkEfird
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