
Career prep Vocabulary
Authored by Jonathan Lowell
Education
9th Grade

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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
what is: gross income
is the total amount of money you earn in a given pay period
refers to the amount of money left in your paycheck
a one year period that governments or companies use for financial reporting
spending more that you earn
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
what is: fiscal year
money earned on a regular basis with little or no effort required to maintain it
the smallest amount that employers can legally pay their employees per hour
a one year period that governments or companies use for financial reporting
refers to the amount of money left in your paycheck after all deductions are taken out of gross income
3.
FILL IN THE BLANK QUESTION
1 min • 4 pts
is when the IRS reviews your tax documents to make sure you reported them correctly
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
what is: net income
a representation on paper of stocks, bands, currencies, mutual funds & etc
income from an investment sold at a higher price then when you paid for it
any income that is generated by the work someone preforms
refers to the amount of money left in your paycheck after all deductions are taken out of gross income
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
what is: deficit spending
income from an investment sold at a higher price than when you paid for it
money earned on a regular basis with little or no effort to maintain it
spending more than you earn
total amount of debt a country owes to companies and other countries
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
what is: earned income
amount of money a taxpayer can subtract from the taxes they owe
any income that is generated by the work someone preforms
is the total amount of money you earn in a given pay period
tax paid out by anyone who earns an income
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
what is: national debt
total amount of debt a country owes to companies and other countries
total amount of debt a country owes to a person or a small buisness
total amount of money a country owes to companies and other nations
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