| A | B |
|---|
| net income | income that remains after taxes and other deductions |
| gross income | total income before taxes and deductions |
| income | money earned or received |
| expenses | payment of goods and services |
| income tax | tax on the amount of money you earn |
| payroll tax | total of taxes an employer withholds from a person's paycheck |
| property tax | tax on the value of items, like homes, cars, boats, and land |
| sales tax | tax added to the cost of items and services |
| budget | monthly or yearly savings plan for people or business |
| balance | to reconcile your budget or account with your check register to make sure records match |
| deposit | putting money into a bank account |
| withdrawal | taking money out of a bank account |
