WorksheetsBudget Vocabulary Quiz #2
Total questions: 15
Worksheet time: 7mins
A document that summarizes an employee's deductions and taxes is
Gross Pay
Net Pay
Pay Stub
Income Tax
The sum of all cash payments made by the government to provide goods & services.
Government Spending
Net Pay
Pay Stub
Gross Pay
What is a tax levied by a government directly on income?
Expenses
Income Tax
Income
Government Spending
The amount of money left over after subtracting spending & other obligations.
Bills
Gross Pay
Pay Stub
Savings
The total amount of money an employer gives to an employee or contractor after deductions.
Gross Pay
Net Pay
Pay Stub
Expenses
What is an estimate of income and expenditure for a set period of time?
Income
Needs
Budget
Wants
What are things that people have a desire to possess or do?
Wants
Bills
Income
Expenses
What is the money received on a regular basis for work or through investment?
Expenses
Income Tax
Needs
Income
What is the amount of money as employer gives to an employee or contractor after deductions?
Net Pay
Pay Stub
Gross Pay
Allowance
This is money given to someone regularly or for a specific purpose.
Pay Stub
Allowance
Net Pay
Savings
The amount left over from your paycheck after taxes and deductions are withheld is called ______________.
balance
transaction
gross balance
net pay
Also known as your take home pay.
Salary
Gross pay
Net pay
Withholdings
If an employee is paid monthly and earns $48,000 annually, what is their gross pay per month?
$4,000
$3,000
$2,000
$4,500
What is gross pay?
The amount of money you earn after deductions
The amount of money you earn before deductions
Pay Period
