| A | B |
|---|
| fixed expenses | expenses that always stay the same |
| variable expenses | expenses that are always changing |
| periodic expenses | expenses that can vary of saty fixed |
| gross income | total amout of income from wages |
| net income | amopount of moey after pay roll |
| medicare tax | a tax used to pay for medical purpuoses |
| social security tax | a tax used to pay for old peope |
| stat income tax | a deduction from employers to pay for state sevrices |
| federal income tax | a federal deduction collected by employers by law of the federal goverment |
| P.Y.F | pay your self first |
| spending plan | another term for budget |
| cash flow | movement of money you recive |
| budget | a plan for manging your money |
