Expense
PF OBJ 2.04 - 2.05 Vocab
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Hard
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11 questions
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1.
FLASHCARD QUESTION
Front
Back
Money spent
2.
FLASHCARD QUESTION
Front
Gross income
Back
Individual's income from salary/wages before taxes and deductions.
3.
FLASHCARD QUESTION
Front
Income
Back
Money received
4.
FLASHCARD QUESTION
Front
Income and Expense Statement
Back
Lists and summarizes income and expense transactions over a specific period, usually a month or year.
5.
FLASHCARD QUESTION
Front
Insurance
Back
A product that transfers risk from an individual to an insurance company.
6.
FLASHCARD QUESTION
Front
Mortgage
Back
Monthly payment on a home loan for housing.
7.
FLASHCARD QUESTION
Front
Net gain
Back
When income > expenses
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