Shared Flashcard Set

Details

Unit 3 flashcard
budget
19
Other
12th Grade
10/24/2006

Additional Other Flashcards

 


 

Cards

Term
Medicare
Definition
Tax used to refund hospitol insurance provided under the social security system.
Term
income
Definition
any money a person receive
Term
cash management
Definition
sometimes referred to as "cash flow"
Term
PYF
Definition
Pay Yourself First
Term
State
Definition
a tax collected by the emplyer and paid to the state reveue
Term
social security
Definition
Atax used to provide support to old-age survivor and disablitiy insurance
Term
Deductions
Definition
amounts subtracted from gross income
Term
Gross
Definition
the amount of income before deductions
Term
Fixed
Definition
expenses that have a set dollar amount each month
Term
Federal
Definition
Taxes paid to the internal recenue service
Term
Net income
Definition
Gross income minus deduction
Term
Expenses
Definition
Any money spent or given away
Term
Budget
Definition
a plan for spending and savings
Term
Variable
Definition
Expenses that change from month to month
Term
taxes
Definition
Fees used to support government programs
Term
How to streatch your dollar
Definition
EBAY:sell old things not needed
CUPONS: use for food or anything to help reduce the price
WHOLESALES: BJ's Costco
Term
Getting the Best Deal
Definition
Shop around
talk to friends and family
read the fine print
Term
Cost/benefit analysis
Definition
Alternatives to make the best choice
Term
transaction
Definition
Write check
ATM
Quick Check Account (debit card)
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