| A | B |
|---|
| income | the amount of money a person or earns regularly |
| gross pay | total pay |
| net pay | take-home pay |
| withhold | to take out(as in money from a paycheck) |
| income tax | tax paid to the government on income earned |
| social sercurity | a federal government program that provides benefitsfor people of all ages |
| medicare | a health care program provided by the federal government primarliry for retired people |
| F.I.C.A | the federal insurance contribution act |
| budget | a plan forsaving and spending money |
| fixed exspenses | exspenses that people already agreed to pay |
| flexible exspenses | exspenses that come irregularly or that people can adjus easily |
| interest | money that the banks pay depositse for use of their money |
| scholorship | an award for students which pay for any colledge they want to go to |
| loan | money given to you that must be paid |
| work-study program | a program that allows students to earn a education by working full or part time jobs |
| grant | money for education provided |
