INCOME AND EXPENSE STATEMENT

Flashcard
•
Specialty
•
9th - 12th Grade
•
Hard
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14 questions
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1.
FLASHCARD QUESTION
Front
Money spent
Back
expense
2.
FLASHCARD QUESTION
Front
an individual's income earned as salary or wages before taxes and other deductions
Back
gross income
3.
FLASHCARD QUESTION
Front
money received
Back
income
4.
FLASHCARD QUESTION
Front
What lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or a year? Options: mortgage, income and expense statement, net income, savings
Back
income and expense statement
5.
FLASHCARD QUESTION
Front
product that transfers risk from an individual to an insurance company or organization
Back
insurance
6.
FLASHCARD QUESTION
Front
payment, usually monthly, applied to the balance of a home loan used when purchasing housing
Back
mortgage
7.
FLASHCARD QUESTION
Front
when income is greater than expenses
Back
net gain
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