WorksheetsFinance and Income Vocabulary
Total questions: 13
Worksheet time: 7mins
What is the term for the following definition: the amount you earn before taxes and other payroll deductions?
Gross Income
Net Income
Disposable Income
Taxable Income
What is the term for the following definition: what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay?
Net Income
Gross Income
Disposable Expenses
Taxable Allowance
What is the term for the following definition: the portion of an employee’s pay held back to cover taxes and other deductions?
Withholdings
Gross Pay
Net Pay
Bonuses
What is the term for the following definition: a one-year period that governments or companies use for financial reporting?
Fiscal Year
Calendar Month
Quarterly Cycle
Business Day
What is the term for the following definition: spending more than you earn; an economic policy in which the government spends public funds raised by borrowing rather than by taxation?
Deficit Spending
Balanced Budget
Fiscal Surplus
Monetary Policy
What is the term for the following definition: the total amount of debt a country owes to companies and other countries as a result of deficit spending?
National Debt
Gross Domestic Product
Trade Surplus
Fiscal Policy
What is the term for the following definition: any income (wages/salary) that is generated by the work someone performs?
Earned Income
Passive Income
Investment Income
Gift Income
What is the term for the following definition: money paid by the hour and for an agreed number of hours per week; especially for unskilled or manual labor?
Wage
Salary
Commission
Bonus
What is the term for the following definition: the smallest amount that employers can legally pay their employees per hour of work?
Minimum Wage
Overtime Pay
Gross Income
Commission
What is the term for the following definition: a fixed annual amount earned by an employee, typically paid weekly, biweekly, or monthly?
Salary
Wage
Commission
Bonus
What is the term for the following definition: money earned on a regular basis with little or no effort required to maintain it?
Passive Income
Active Income
Gross Income
Disposable Income
What is the term for the following definition: income from an investment sold at a higher price than you paid for it?
Portfolio Income
Earned Income
Passive Income
Interest Income
What is the term for the following definition: a representation (on paper) of stocks, bonds, currencies, mutual funds, etc.?
Paper Asset
Physical Asset
Digital Asset
Real Estate
