PF 2.04 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 | Money recieved |
Income and Expense Statement | Lists and summarizes income and expense transactions that have taken |
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 |
Created by:
william.hermann
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