Chapter 2 Flashcards
(6 cards)
1
Q
A written plan for giving, saving, and spending
A
Budget
2
Q
A cash flow plan that signs an expense to every dollar of income minus the total expenses to equal zero
A
Zero-Based Budget
3
Q
The amount of money you earn before taxes and other payroll deductions
A
Gross Income
4
Q
A record that summarizes your income and outgo over the course over a certain period of time
A
Cash-Flow Statement
5
Q
Income that comes in at different amounts or different times, or both
A
Irregular Income
6
Q
earnings based on a percentage of the sales made
A
commission
