Finance Vocab Review

A full-time job is ___ hours per week.

• 35
• 37
• 40
• 42

When you work more than the regular number of hours this is called a(n) ________________________.

• straight-time pay

• double time

• time and a half

• overtime pay

The starting amount or initial value of a loan

• Loan

• Mortgage

• Principal

• Interest

Contributions made by your employer. For example, healthcare and dental.

• Expenses

• Income

• Loan

• Benefits

Different amounts of money that are subtracted from your pay

• Income

• Gross

• Deductions

• Loan

Money that employees get paid BEFORE taxes

• Gross income

• Net income

• Mortgage

• Loan

Money received for working

• Loan

• Mortgage

• Income

• Expenses

Pay based on the number of hours worked. You do not get paid if you don't go to work.

• Salary

• Hourly

• Overtime

• Expenses

The amount of money earned for one year. You get the same paycheck every two weeks.

• Salary

• Hourly

• Overtime

• Expenses

Money that employees get paid AFTER taxes are taken out

• Gross income

• Net income

• Mortgage

• Loan