Getting Paid
What is the total amount of money you earn BEFORE any taxes or fees are taken out?
Gross
subscription to a music streaming service would be a want or need
want
how a country manages it's goods and services
economy
What is the total amount after taxes are taken out?
Net
Water, food or housing would be a want or a need
Need
full or partially employer-paid insurance, retirement savings, and other payments offered by the employer
benefits
paper or electronic receipt whenever an employer pays an employee
paystub
Goods or services that people cannot live without
Need
An independent worker who accepts work by the unit
independent contractor
money received on a regular basis for work or investments
income
Goods or services that make people more comfortable but are not necessary for survival
want
an "expense" in personal finance
cost spent on bills, goods and services
required payments to a government
taxes
an account where people put money for future use
savings
This is a plastic card that automatically withdraws the money from the checking account.It is the same as cash
debit card