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Worksheetsunit 6 vocabulary
Total questions: 23
Worksheet time: 12mins
an estimate of income and expenditure for a set period of time.
cash flow
consumer
budget
credit worthy
the total amount of money being transferred into and out of a business or household
budget
cash flow
dependents
expense
a person who purchases goods and services for personal use
consumer
cost-benefit analysis
income tax
inflation
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
income tax
expense
cost benefit analysis
wants
the process of comparing the price of different products or services
cost comparison
gross income
inflation
medicare
(of a person or company) considered suitable to receive credit, especially because of being reliable in paying money back in the past
cost comparison
credit worthy
income
depreciation
a person who relies on another, especially a family member, for financial support.
dependents
depreciation
wants
needs
a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
depreciation
dependents
income
credit worthy
the cost required for something; the money spent on something
gross income
financial advisor
expense
gross income
a person who is employed to provide financial services or guidance to clients.
net pay
net income
inflation
financial advisor
an individual's total pay before accounting for taxes or other deductions
budget
cash flow
gross income
consumer
money received, especially on a regular basis, for work or through investments
income
consumer
gross income
income tax
a tax you pay directly to the government based on your income or profit.
budget
wants
income tax
inflation
a general increase in prices and fall in the purchasing value of money
inflation
medicare
gross income
needs
federal health insurance for people 65 or older and some younger people with disabilities
inflation
medicare
dependents
income tax
Something that is necessary,
or that requires some course of action; a necessity.
needs
wants
gross income
income tax
an individual's income after taking taxes and deductions into account
net pay
net income
property tax
purchasing power
Gross wages or gross salaries minus with holdings for payroll taxes and other items such as insurance
net income
net worth
net pay
needs
primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment
purchasing power
sales tax
social security
property tax
the value of a sum of money
wants
income tax
purchasing power
needs
a tax on sales or on the receipts from sales
sales tax
income tax
gross income
dependents
a federal insurance program that provides benefits to retired people and those who are unemployed or disabled.
sales tax
social security
purchasing power
property tax
A desire for something
wants
needs
medicare
income
