Finance Terms 2 TEST- FT.doc - Financial Terms 2 Name Directions Define the following terms that relate to finances and banking Gross income pay before

Finance Terms 2 TEST- FT.doc - Financial Terms 2 Name...

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Financial Terms 2 Name: Directions: Define the following terms that relate to finances and banking. Gross income - pay before any deduction are taken Net income - pay after deduction is taken out FICA - taxes take out so that they can pay for older peoples social security retirement and medicare benefits. Budget - is the amount you set to save money. Income - payment you earn by doing work Expenses - thing you pay for Deductions - amount of money cut from a workers pay
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Unformatted text preview: Utilities - electrical bill you pay Needs - thing you need to survive Wants something you need but not to survive SMART goals (More specifically what does the acronym SMART stand for.) Specific, Measurable, Attainable, Relevant and Timely. Short term goals - something you set do in days Intermediate term goals - some thing you set to do in months Long term goals - something you set todo in years...
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  • Spring '18
  • john doe

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