FM Chp. 2 Vocab Flashcard

Front

Expense for non-essentials

Back

Discretionary

Front

Income that varies in amount or timing.

Back

Irregular income

Front

Earnings after payroll taxes.

Back

Net income

Front

Amount earned before taxes.

Back

Gross income

Front

A cash flow plan assigning an expense to every dollar of income.

Back

Zero-based budget

Front

Earnings as a percentage of sales.

Back

Commission

Front

Record summarizing income and spending over time.

Back

Cash-flow statement

Front

Money received for work, gifts, or investments.

Back

Income

Front

Expense that varies monthly.

Back

Variable expense

Front

A written plan for giving, saving, spending.

Back

Budget