Financial Management Vocab 1

Lease

• contract to buy something

• contract to rent something

• bill of sale

• receipt

fee paid for borrowing money

• interest

• credit

• debit

• tax

Tags

CCSS.7.RP.A.3

What does "IRS" stand for?

• Instant Regulation Service

• Increase Rent Status

• Internal Revenue Service

• Invoice Reciept Sale

The money you get before deductions is called?

• Gross Pay

• Net Pay

• Take Home Amount

• Year To Date

The amount of money in a paycheck after deductions?

• Gross Pay

• Net Pay

• Year To Date

• Deductions

Expense

• tax

• cost

• highly expensive

• something you use or buy

A "deduction" is

• money added

• money taken out of a paycheck

• gross pay

• net pay

What does "ATM" stand for?

• Automated Teller Machine

• Almost Time Machine

• Active Time Moment

• A Time Machine

Used to borrow money to gain something you cannot afford at one time

• debit card

• credit card

• check

• cash

money you owe

• debt

• credit

• interest

• fee