7 Faith Income and Expenses

What is the amount of money that you actually have available in your account?

• Debit

• Balance

• Credit

• Cashflow

What is the movement of money from your account, which is positive if income is greater than expenses?

• Cashflow

• Balance

• Debit

• Credit

What is a positive transaction in your account, one that adds money?

• Expenses

• Income

• Taxes

• Credit

What is a negative transaction in your account, one that removes money?

• Expenses

• Income

• Taxes

• Debit

What are amounts of money spent to buy goods and services for yourself or your business?

• Expenses

• Profit

• Income

• Credit

What is money earned through employment and investments?

• Expenses

• Income

• Credit

• Profit

What is the lowest amount of pay per hour that an employee can legally earn?

• Revenue

• Profit

• Minimum wage

• Taxes

What is money that is left after expenses have been paid for from a business or an investment?

• Taxes

• Minimum wage

• Profit

• Revenue

What is money or income that is earned, usually in a business?

• Taxes

• Revenue

• Profit

• Minimum wage

What is money collected by the government to help pay for society’s expenses?

• Taxes

• Minimum wage

• Revenue

• Profit