Case Study: Personal Financial Planning Flashcards

1
Q

deductions

A

expenses that are subtracted from gross income

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2
Q

discretionary

A

expenses that are optional

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3
Q

equity

A

the monetary value of a property or business

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4
Q

expenditures

A

money spent

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5
Q

income

A

the money a person earns for providing a service or selling goods

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