WorksheetsIncome and Expenses
Total questions: 15
Worksheet time: 9mins
This lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year.
net loss
income and expense statement
gross income
net income
Income is _____ received.
money
net
spending
expenses
Money received from working for pay
salary
earned income
income received from sources other than employment
unearned income
take-home pay
mortgage
earned income
individual’s income earned as salary or wages before taxes and other deductions
(a)
take-home pay; what is left in the paycheck after taxes and other deductions
savings
gross income
net income
insurance
income earned upon a sale and is often calculated as a percentage of the purchase price
tips
net income
salary
commission
money given to someone as a way of rewarding them for quality service
gratutity
tips
expenses
income
the amount of money added to wages on a seasonal basis as a reward for good performance - paid in addition to employee’s wage or salary
bonus
commission
salary
interest
earned income from over-withholding from your paycheck in a previous period
gross
interest
tax refund
net gain
interest from depository institution accounts earned during a specified time period
savings
income
net gain
interest earned
any money earned from financial investments during a specified time period.
salary
investment earnings
net gain
insurance
money that you spend
income
expenses
insurance
net loss
income greater than expenses without using savings or selling assets
net loss
gross
net gain
take-home pay
expenses are greater than income
money spent
net loss
net gain
bonus
