| A | B |
|---|
| Unemployment Insurance | payment made by the government to an unemployed person. |
| Allowance | the amount of money you plan to use for a certain budget category. |
| Budget variance | any difference between actual spending and budgeted amounts |
| cash flow statement | a financial statement that reports net wages and other income along with spending for a period, such as for a month. |
| earned income | money from wages, salary, commission, fees, tips, and bonuses. |
| estate planning | planning for the accumulation and management of property during one's lifetime and the distribution of one's property at death. |
| exemption | a tax deduction for the taxpayer, a spouse, and each dependent. |
| financial plan | a report that summarizes your current financial condition, acknowledges your financial needs, and sets a direction for your future financial activities. |
| fixed expenses | costs that occur on a regular basis and are for the same amount each time. |
| individual retirement Account | a tax-sheltered retirement plan in which people can annually invest earnings up to a certain amount. |
