Definitions
The moral principles or beliefs that direct a persons behavior.
What is ethics?
A plan for use of money of money over a time based on goals.
What is budget?
The difference between what is owned and what is owed.
What is net worth?
Total income before payroll deductions.
What is gross pay?
A report used to calculate taxes.
What is tax return?
A supply of something that can be used when needed.
What is resource?
The development of a strategy to meet a person's needs over a course of a lifetime.
What is nature of financial planning?
An item of value that is owed.
What is asset?
A subtraction from gross pay.
What is payroll deduction?
Earnings from sources other than work.
What is unearned income?
Principles and beliefs someone thinks is important.
What is value?
A software program that formats data.
What is spreadsheet?
A written record of a persons financial situation.
What is worth statement?
Gross pay minus payroll deductions.
What is net pay?
Results when a property is sold an amount greater than its cost.
What is capital gains?
A value or goal that is given more importance.
What is priorities?
Any form of money received.
What is income?
The amount of money received and the amount paid for goods and services or a specific period of time.
What is cash flow statement?
Taxes paid by the employee and employer.
What is FICA taxes?
Calculated by subtracting adjustments from total income.
What is adjusted gross income?
Used to communicate and work well with others.
What is employability skills?
Money that can be accessed when you have an illness, layoff.
Emergency Fund
An asset that can be converted into cash without losing value.
What is liquidity?
An employee's certificate that helps an employer determine how much income tax to withhold from an employee's paycheck
What is Form W-4?
A portion of a corporations earnings.
What is dividends?