Term
click below
click below
Term
Normal Size Small Size show me how
Bell Work Unit 6
bell work terms
Term | Definition |
---|---|
budget | an estimate of income and expenses for a set period of time. |
cash flow | the total amount of money transferred into and out of a business or household. |
consumer | a person who purchases good and services for personal use. |
cost benefit analysis | a process by which nosiness decisions are analyzed, the benefits are summed, and then the costs associated with that action are subtracted. |
cost comparison | the process of comparing the price of different products or services. |
creditworthy | financially sound enough to justify the extension of credit. |
depreciation | -a reduction in the value of an asset with the passage of time. |
financial advisor | a person employed to provide financial services or guidance to clients. |
gross income | an individual’s total pay before taxes and other deductions are taken out the paycheck. |
income tax | -tax levied by a government directly on income, especially an annual tax on personal income. |
inflation | a general increase in prices and fall in the purchasing value of money. |
medicare | the federal health insurance program for people who are 65 or older and some younger people with disabilities. |
net income | an individual’s income after taking taxes and deductions into account. |
property tax | -the tax levied by the governing authority of the jurisdiction in which the property is located. |
sales tax | a tax on sales or on the receipts from sales. |
social security | a federal insurance program that provides benefits to retired people and those who are unemployed or disabled. |