2.04 Word Scramble
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Term | Definition |
expense | $ spent |
gross income | salary before deductions |
income | $ received |
income & expense statement | summary of income & expense transactions |
insurance | transfer of risk from individual to company |
mortgage | payment towards a home loan balance when purchasing a house |
net gain | income > expenses |
net income | take home pay (after deductions) |
net loss | income < expenses |
savings | income not spent on consuption |
salary before deductions | gross income |
tips | reward $ given for services |
tax refunds | taxes paid (-) taxes owed |
investment earnings | $ made from investments |
money from savings | $ in savings account |
commissions | % of $ paid to agent for commercial transactions |
bonuses | extra seasonal payments |
interest earned | interest rate (x) amount of money |
sales of assets | sale of bank receivables |
money from investments | $ made from investments |
scholarships/non-govt. grants | private scholarships/grants |
child support | (usually from divorce) $ to support child who cannot support himself |
social security | $ given to people w/ insufficient wages |
worker's comp. | insures wages when injured on job |
money from others | $ borrowed from individuals |
scholarships/govt. grants | public scholarships/grants |
Created by:
Tate.cord70
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