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Chapter 14 Creating Your Budget Voc

Chapter 14 Creating Your Budget Voc

Assessment

Flashcard

Business

9th Grade

Practice Problem

Easy

Created by

Skylar Guy

Used 28+ times

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

Budget

Back

A detailed estimate of income and expenses over a specific period of time

2.

FLASHCARD QUESTION

Front

Budget estimate

Back

A projection of income and expenses

3.

FLASHCARD QUESTION

Front

Budget variance

Back

Difference between the amounts in your budget and the actual amounts received as income or spent for expenses

4.

FLASHCARD QUESTION

Front

Cash inflow

Back

Money coming in; income

5.

FLASHCARD QUESTION

Front

Cash outflow

Back

Money going out, resulting from expenses

6.

FLASHCARD QUESTION

Front

Discretionary income

Back

The amount of money left after paying all current necessities, such as rent, food, and clothing

7.

FLASHCARD QUESTION

Front

Disposable income

Back

Gross pay minus applicable taxes

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