Income and Expenses

This lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year.

Income is _____ received.

Money received from working for pay

income received from sources other than employment

individual’s income earned as salary or wages before taxes and other deductions

(a)  

take-home pay; what is left in the paycheck after taxes and other deductions

income earned upon a sale and is often calculated as a percentage of the purchase price

money given to someone as a way of rewarding them for quality service

the amount of money added to wages on a seasonal basis as a reward for good performance - paid in addition to employee’s wage or salary

earned income from over-withholding from your paycheck in a previous period