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unit 6 vocabulary

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

an estimate of income and expenditure for a set period of time.

a)

cash flow

b)

consumer

c)

budget

d)

credit worthy

2.

the total amount of money being transferred into and out of a business or household

a)

budget

b)

cash flow

c)

dependents

d)

expense

3.

a person who purchases goods and services for personal use

a)

consumer

b)

cost-benefit analysis

c)

income tax

d)

inflation

4.

a process by which business decisions are analyzed, the benefits of a given action are summed, and then the costs associated with that action are subtracted

a)

income tax

b)

expense

c)

cost benefit analysis

d)

wants

5.

the process of comparing the price of different products or services

a)

cost comparison

b)

gross income

c)

inflation

d)

medicare

6.

(of a person or company) considered suitable to receive credit, especially because of being reliable in paying money back in the past

a)

cost comparison

b)

credit worthy

c)

income

d)

depreciation

7.

a person who relies on another, especially a family member, for financial support.

a)

dependents

b)

depreciation

c)

wants

d)

needs

8.

a reduction in the value of an asset with the passage of time, due in particular to wear and tear.

a)

depreciation

b)

dependents

c)

income

d)

credit worthy

9.

the cost required for something; the money spent on something

a)

gross income

b)

financial advisor

c)

expense

d)

gross income

10.

a person who is employed to provide financial services or guidance to clients.

a)

net pay

b)

net income

c)

inflation

d)

financial advisor

11.

an individual's total pay before accounting for taxes or other deductions

a)

budget

b)

cash flow

c)

gross income

d)

consumer

12.

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

a)

income

b)

consumer

c)

gross income

d)

income tax

13.

a tax you pay directly to the government based on your income or profit.

a)

budget

b)

wants

c)

income tax

d)

inflation

14.

a general increase in prices and fall in the purchasing value of money

a)

inflation

b)

medicare

c)

gross income

d)

needs

15.

federal health insurance for people 65 or older and some younger people with disabilities

a)

inflation

b)

medicare

c)

dependents

d)

income tax

16.

Something that is necessary,

or that requires some course of action; a necessity.

a)

needs

b)

wants

c)

gross income

d)

income tax

17.

an individual's income after taking taxes and deductions into account

a)

net pay

b)

net income

c)

property tax

d)

purchasing power

18.

Gross wages or gross salaries minus with holdings for payroll taxes and other items such as insurance

a)

net income

b)

net worth

c)

net pay

d)

needs

19.

primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment

a)

purchasing power

b)

sales tax

c)

social security

d)

property tax

20.

the value of a sum of money

a)

wants

b)

income tax

c)

purchasing power

d)

needs

21.

a tax on sales or on the receipts from sales

a)

sales tax

b)

income tax

c)

gross income

d)

dependents

22.

a federal insurance program that provides benefits to retired people and those who are unemployed or disabled.

a)

sales tax

b)

social security

c)

purchasing power

d)

property tax

23.

A desire for something

a)

wants

b)

needs

c)

medicare

d)

income