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Reality Check - Terms To Know
A loan taken by a person in order to buy a home is called a......
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Rent
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Mortgage
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Bad Idea
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Lease
Money paid monthly to a person who owns the property that you are using for a residence or business is called .....
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Rent
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Mortgage
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Bad Idea
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Lease
Spare time to relax and do things that you enjoy. Time free from work and responsibilities is called.....
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Layoff
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Aptitude
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Logo
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Leisure time
What word means "made up of different things or kinds of things which don't necessarily have any conncection with each other"?
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Manage
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Materialism
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Motivation
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Miscellaneous
A financial cost, fee,or charge is called an.....
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Employee
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Equity
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Expense
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Economic recession
The amount of money earned each month working at a job, before deductions, is called....
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Gross monthly pay
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Expenses
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Deductions
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Balance
What word matches this definition? "Money automatically subtracted from gross income, and forwarded to the government, including income tax and insurance."
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Degree
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Downsizing
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Diploma
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Deductions
Money received in exchange for labor, products, services, or investiment is called.....
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Investment
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Igloo
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Income
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Layoff
The amount remaining after all the deductions and expenses have been subtracted from gross income.
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Balance
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Budget
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Brainstorm
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Business
TRUE or FALSE? To balance a budget means to adjust it so that you don't spend more than you can earn.
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True
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False
Income is....
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Money IN
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Money OUT
Expenses are....
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money IN
0%
money OUT
Balance is.....
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money gone
0%
money left over
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