Budget Vocabulary Word Scramble
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Question | Answer |
A written, itemized summary of expenses and income for a given time period. A plan for spending money. | Budget |
Financial trust extended to a person or business by a lender. A loan. | Credit |
An amount deducted from a bank account | Debit |
The abbreviation for Federal Insurance Contributions Act, also known as Social Security. | FICA |
An organization that collects funds from the public to place in financial assets such as stocks, bonds, money markets, bank deposits, or loans | Financial Institution |
Total pay or earnings over a one-year period, before any deductions have been made. | Gross Annual Income |
Total pay or earnings in a month, before any deductions have been made. | Gross Monthly Income |
A portion of a person's personal income that is paid to the government. | Income Tax |
Payment for the cost of using someone else's money, usually expressed as an annual percentage rate. | Interest |
A social insurance program that extends health coverage to almost all Americans age 65 and over. | Medicare |
A loan to buy property, such as a house or condominium, where the property is the security for the repayment of the loan. | Mortgage |
Amount of income that one has to spend in a year, after all deductions have been made | Net Annual Income |
Amount of income remaining to spend in a month, after all deductions have been made. | Net Monthly Income |
A tax paid to local government based on the value of one's property | Property Tax |
A percentage tax imposed on the retail price of most items you purchase. | Sales Tax |
A federal retirement plan in which the working generation contributes to support retired workers, survivors and disabled. | Social Security |
A required payment to the government | Tax |
Created by:
sredmonj
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