Amount made before deductions (taxes)
Vocab 14: Personal Finance
Flashcard
•
History
•
10th Grade
•
Hard
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19 questions
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1.
FLASHCARD QUESTION
Front
Back
Gross Pay
2.
FLASHCARD QUESTION
Front
Money after deductions (take home)
Back
Net Pay
3.
FLASHCARD QUESTION
Front
Estimate of income & expenses for a period (Money Plan)
Back
Budget
4.
FLASHCARD QUESTION
Front
Loan for buying property, secured by the property.
Back
Mortgage
5.
FLASHCARD QUESTION
Front
Specialized savings account with tax breaks and compound interest for retirement.
Back
IRA
6.
FLASHCARD QUESTION
Front
Ease of converting an asset to cash.
Back
Liquidity
7.
FLASHCARD QUESTION
Front
Cost remains constant monthly (e.g., rent, insurance)
Back
Fixed Expenses
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