Mrs. Allen had to pay the government $234 from her paycheck. She paid -

____________ is a regular fixed payment that a person earns for performing work during a specific period of time.

This is a plan for what will be done with the money a person has on hand.

This is money going out of your budget to pay for bills, food, and all other purchases

The amount of income that is remaining AFTER taxes and other withholdings are substracted out. Also known as your BRING HOME pay.

This is the amount of money you make each month before money is taken out for taxes, retirement, and savings

This would be things like the gas bill, electric bill, water bill, and garbage bills

Income from wages and salary is known as take-home pay.

Net worth is the sum of assets and liabilities

Fixed expenses are regular expenses, such as rent, mortgage payments, instalments and insurance

Any object or material serving as a medium of exchange and a measure of value such as cheque or nuggets of precious metal is referred to as

______ is  hard-plastic cards we use every day in place of actual bank notes.

Reconciling budget estimates allows you to include what is most important among your goal.

Anything that is owed to anybody is considered as liabilities.

A budget is comprised of two categories

When the amount of money you have in your monthly available income matches your expenses