Personal Finance Final Review

Assets - Liabilities =

• net income

• net worth

• net gain

• net loss

Lifestyle: Standard of Living as Present:

• gift

• past

• future

• life

A person only has one of these

• a job

• a life sentence

• a marriage

• a career

Things that employees get that giver them a better well being such as paid leave

• benefits

• vacation pay

• cost of living raise

• merit pay

Failing to repay a loan in the specified time is to

• get bad credit

• default

• foreclose

• repossess

Federally funded health coverage for 65 or older

• medicaid

• United Healthcare

• medicare

• welfare

A versatile skill

• portable

• flexible

• important

• transferrable

Working at a college to pay for tuition

• a job

• grant

• work study

• scholarship

Income before taxes/deductions

• gross pay

• net pay

• take home pay

• a direct deposit

Earned from a college that results in higher pay and lower unemployment

• certificate

• a piece of paper

• a bachelor

• a degree