Income, Taxes, Budgets Vocabulary Quiz

The cost of assets consumed or services used in the process of generating revenues.

• Expenses

• Income

• Dividends

• Net Worth

Definition: A bank account from which payments can be ordered by a depositor.

• Savings Account

• Checking Account

• Net Worth

• Direct Deposit

Definition: A fixed amount of money paid to an employee for each pay period.

• Pay Yourself First Plan

• Wages

• Salary

• Income

Definition: People who risk their time, money, and other resources to start and manage a business.

• Consumers

• Entrepreneurs

• Labor

• Economics

Definition: Outlines the deductions made to wages.

• Salary

• Gross Pay

• Pay Stub

• Net Pay

Definition: A fixed amount of money goes into savings first and then budget for expenses and discretionary income spending.

• Salary

• Pay Stub

• Pay Yourself First Plan

• Dividends

Definition: a penalty payment for having a negative balance in an account.

• Overdraft Fee

• Nsf Fee

• Stop Payment Fee

• Service Fee

Definition: money received, especially on a regular basis, for work or through investments.

• Dividends

• Wages

• Income

• Expenses

Definition: a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.

• Salary

• Wages

• Income

• Dividends

Definition: Form that details all "non-employee" compensation, including for specific jobs like freelancers or contractors.

• 1040x

• 1099

• w-4

• schedule a