PF 2.04 Word Scramble
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Question | Answer |
Expense | Money Spent |
Gross Interest | An individual's income earned as salary or wages before taxes and other deductions. |
Income | Money received |
Income and Expense Statement | Lists and summarizes income ans 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. |
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abigail.xiong59
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