2.3 Vocab Flashcards
1
Q
zero-based budget
A
a cash flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero
2
Q
a cash flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero
A
zero-based budget
3
Q
net income
A
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
4
Q
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
A
net income
5
Q
gross income
A
the amount you earn before taxes and other payroll deductions
6
Q
the amount you earn before taxes and other payroll deductions
A
gross income
