| A | B |
|---|
| Employee Benefits | Insurance, vacation time, bonus an employee gets |
| Gross Pay | The amount of money received before taxes and deductions are taken out. |
| Net Pay | The amount of money that remains after taxes and deductions are taken out that an employee gets to take home with them. |
| Disposable Income | The income a person has left after all taxes have been paid. This is used to buy necessities. |
| Discretionary Income | Income left after disposable income, which can be saved or spent on luxury items or entertainment. |
| Personal Net Worth | A balance of your assets (the things you own) minus your debts (the things you owe) |
| Grants | Financial assistance for college based on needs. |
| FAFSA | Free Application for Federal Student Aid |
