FPL VOCAB 04: Pay

Front

A full-time work year is usually ________ work hours.

Back

2080

Front

Gross pay for 1 year at $15.50/hr: __________

Back

$32,240

Front

Amount earned before deductions, including taxes.

Back

Gross Income

Front

Deductions are...

Back

All reductions from gross pay, required and voluntary, before an employee is paid.

Front

Take Home Pay is also known as

Back

Net Income

Front

The time you can cover expenses without working is known as __________

Back

Wealth

Front

Income or profit from investments

Back

Portfolio Income

Front

Income for trading time and effort

Back

Earned Income

Front

Income from past work or investment; no current effort needed.

Back

Passive Income

Front

Goal-directed savings by depositing money into income-generating places.

Back

Investing