Budgeting
Expenses that generally stay the same from month to month
Fixed expense
The amount of money that you earn every hour that you work when you are paid by the hour.
Hourly rate
A percentage of money that you pay to the state government based on the income you make at your job.
State income tax
A tax on the selling price of an item or service that is purchased.
Sales tax
The terms of the credit card will tell you the maximum amount of money that you can spend using the account
Credit limit
When you spend more money than you make. You will be in __________________
Debt
Regular pay times 2 is called __________
Double time
The amount of money you make after deductions is called..
Net pay
What is 6.30 in a percent...
630%
The interest that is charged for delaying payment
Finance charge
Expenses that change from month to month are called ________________
Variable expenses
When an individual receives a fixed amount of pay regardless of how many hours they work each week
Salary
The sum of all costs incurred by a business, including operating expenses, interest, taxes, and other expenses
Total expenses
What is 6% in decimal form?
.06
How do you avoid paying interest on your credit card?
Fundamental requirements needed to survive such as water, food, and shelter are called __________
Needs
An amount of money you earn for selling an item.
Commission
The financial gain or return earned from an investment, business, or other activity.
Profit
A discount offered to customers from manufacturers, stores, and service establishments that provides an incentive for purchasing a specific item/service
A coupon
The balance left on your credit card that you didn't pay
unpaid balance
Expenses that are not necessary for daily life are called _________________
Wants
Additional hourly pay for working over the regulated amount of weekly hours.
Overtime pay
The amount of money an individual receives after all deductions from their gross pay.
Take home pay
The sales tax in Connecticut is generally...
6.35%
APR stands for..
Annual Percentage Rate