U3 Vocab

earnings based on a percentage of sales

• commission

• irregular income

• budget

• variable expense

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

a record that summarizes the income and outgoing expenses over a period

• net income

• cash flow statement

• gross income

• irregular income

what a person earns after payroll taxes and other deductions are subtracted

• income

• discretionary expense

• net income

• gross income

Tags

CCSS.7.RP.A.3

expenses you do not need

• discretionary expense

• intermittent expense

• variable expense

• fixed expense

expenses that change from month to month but are in your budget

• fixed expense

• variable expense

• intermittent expense

• discretionary expense

money received by work, gift, or investment

• income

• budget

• net income

• gross income

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

a written plan for giving, saving, and spending

• cash flow statement

• fixed expense

• income

• budget

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.1

CCSS.7.NS.A.3

expenses that remain the same from month to month

• fixed expense

• intermittent expense

• discretionary expense

• variable expense

expenses that occur at various times in lump sums

• fixed expense

• intermittent expense

• variable expense

• discretionary expense

a cash flow plan that assigns an expense to every dollar of your income

• zero based budget

• budget

• income

• cash flow statement

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3