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Finance & Money Management Vocabulary

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

What is getting the most for your money?

a)

net worth

b)

money management

c)

budget variance

d)

earned income

2.

What is the difference between personal assets and liabilities?

a)

net worth

b)

money management

c)

budget variance

d)

earned income

3.

What are living cost that differ each time?

a)

earned income

b)

budget variance

c)

exemption

d)

variable expense

4.

What is a charge imposed by government?

a)

allowance

b)

tax credit

c)

exemption

d)

tax

5.

What are items of value?

a)

tax

b)

allowance

c)

net worth

d)

personal assets

6.

What's differences in actual and budget cost?

a)

allowance

b)

budget variance

c)

exemption

d)

fixed expense

7.

What is money planned for budget categories?

a)

allowance

b)

budget variance

c)

IRA

d)

tax credit

8.

What reports net wages and income with spending?

a)

investment income

b)

financial plan

c)

cash flow statement

d)

fixed expense

9.

What is amount directly deducted from taxes?

a)

estate planning

b)

tax credit

c)

IRA

d)

tax deduction

10.

What is amount that reduces taxable income?

a)

tax credit

b)

taxable income

c)

investment income

d)

tax deduction

11.

What is a tax-sheltered retirement plan?

a)

tax credit

b)

IRA

c)

tax deduction

d)

financial plan

12.

What is accumulation and management of property?

a)

estate planning

b)

cash flow statement

c)

personal assets

d)

financial plan

13.

What is same cost occurring regularly?

a)

variable expense

b)

taxable income

c)

fixed expense

d)

allowance

14.

What is tax deduction for taxpayer, spouse, and child?

a)

allowance

b)

tax

c)

tax credit

d)

exemption

15.

What's the amount on which taxes are collected?

a)

earned income

b)

personal assets

c)

net worth

d)

taxable income

16.

What are results from wages, salaries, etc,?

a)

earned income

b)

personal assets

c)

investment income

d)

taxable income

17.

What summarizes your financial condition?

a)

cash flow statement

b)

financial plan

c)

investment income

d)

budget variance

18.

What are earnings from dividends, interest, and rent?

a)

taxable income

b)

earned income

c)

allowance

d)

investment income