Econ Budgeting

Question 1

an estimate of income and expenditure for a set period of time

Answer 1

Budget

Question 2

the cost required for something; the money spent on something

Answer 2

Expenses

Question 3

money received, especially on a regular basis, for work or through investment

Answer 3

Income

Question 4

a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Answer 4

Salary

Question 5

a sum of money given to someone as a reward for their services

Answer 5

( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)Tips ( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)( ͡° ͜ʖ ͡°)

Question 6

a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves)

Answer 6

Dividends

Question 7

what employees earn before taxes , benefits, and other payroll deductions are withheld from their wages

Answer 7

Gross Pay

Question 8

take-home pay or the amount employees earn after all payroll deductions are subtracted from their gross pay

Answer 8

Net Pay

Question 9

the money one has saved, especially through a bank or investment plan

Answer 9

Savings

Question 10

a fixed regular payment, typically paid on a delay or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker

Answer 10

Wages