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Java Games: Flashcards, matching, concentration, and word search. |
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Income & Expenses, REVIEW, Spring, 2017
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| Expense | Money spent |
| Gross income | Anindividual’sincomeearnedassalaryorwagesbeforetaxesandotherdeductions |
| Income | Moneyreceived |
| IncomeandExpense Statement | Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year |
| Insurance | A product that transfers risk from an individual to an insurance company or organization |
| Mortgage | A payment, usually monthly, applied to the balance of a home loan used when purchasing housing |
| Net gain | When income is greater than expenses |
| Net income | Take home pay |
| Net loss | When expenses are greater than income |
| Savings | The portion of current income not spent on consumption |
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Business Teacher |
West Johnston High School |
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