Personal Finance Vocab

Front

A tax added to the price of goods/services, usually a percentage of the purchase price.

Back

sales tax

Front

Cost required for something; money spent.

Back

expenses

Front

Tax charged by a government on income, especially personal income.

Back

income tax

Front

Total money received after deductions, also known as 'take home pay'.

Back

net income

Front

Tax on property owners.

Back

Property tax

Front

Formal documents of transactions (earnings/expenses; cash flow) for a business or individual.

Back

financial records

Front

Tax paid by a company based on employee wages.

Back

payroll tax

Front

Total money received before deductions.

Back

gross income

Front

A plan for income allocation and spending (e.g., rent, gas, groceries).

Back

budget

Front

Money received regularly for work or investments.

Back

Income