| A | B |
|---|
| gross income | The amount of money you are paid before expenses such as taxes and insurance are taken out. |
| net gain | The amount of money you have after expenses are taken out. |
| net loss | The amount of money you are short after you subtract your expenses from your income. |
| income | The amount of money you receive in payment for doing your job. |
| deductions | The amount taken from your pay before you receive your check to cover items such as income taxes and insurance. |
| expenses | Everything you must pay for from your paycheck. |
| budget | A list of your expenses and how you plan to pay for them. |
| credit | An arrangement which allows you to have an item or borrow money now and pay for it later with interest. |
| utilities | Expenses for services to your home such as electricity, gas, telephone, cable television and internet service. |
| taxes | Money charged to citizens to provide public services such as schools, trash collection, water treatment, etc. |
| annual income | The amount of money you make over a one-year period. |
| monthly income | The amount of money you make in a one-month period. |
| estimate | To decide how much money you will need to pay for goods and/or services that vary from month to month. |
