10.2 Vocab Flashcards
earned income
any income (wages/salary) that is generated by the work someone performs
any income (wages/salary) that is generated by the work someone performs
earned income
minimum wage
the smallest amount that employers can legally pay their employees per hour of week
the smallest amount that employers can legally pay their employees per hour of week
minimum wage
wage
money paid by the hour and for an agreed number of hours per week; especially for unskilled or manual labor
money paid by the hour and for an agreed number of hours per week; especially for unskilled or manual labor
wage
salary
a fixed annual amount earned by an employee, typically paid weekly, biweekly, or monthly
a fixed annual amount earned by an employee, typically paid weekly, biweekly, or monthly
salary
passive income
money earned on a regular basis with little or no effort required to maintain it
money earned on a regular basis with little or no effort required to maintain it
passive income
portfolio income
income from an investment sold at a higher price than you paid for it
income from an investment sold at a higher price than you paid for it
portfolio income
paper asset
a representation (on paper) of stocks, bonds, currencies, mutual funds, etc.
a representation (on paper) of stocks, bonds, currencies, mutual funds, etc.
paper asset
