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John Pawley Unit 3 Flashcards
Budgeting
13
Education
12th Grade
10/25/2006

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Cards

Term
tax used to fund hospital insurance
Definition
medicare
Term
tax used to provide support old-age survivors, and disability insurance
Definition
socialsecurity
Term
money spent or given away
Definition
expenses
Term
gross income minus deductions
Definition
net
Term
expenses that change from month to month
Definition
variable
Term
money a person recieves
Definition
income
Term
pay yourself first
Definition
pyf
Term
plan for spending and saving money
Definition
budget
Term
refferd to as "cash flow"
Definition
cash management
Term
tax collected by employer and payed to the state revenue department
Definition
state
Term
what is a ATM
Definition
automated teller machine
Term
amounts subtracted from gross income
Definition
deductions
Term
expenses at set dollar amount each month
Definition
fixed
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