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A document used to determine the cash flow of an individual or family. A personal spending plan, similar to a budget, helps outline where income is earned and expenses are incurred. |
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the cost required for something; the money spent on something |
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The starting point for determining Federal and stateincome tax of individuals, corporations, estates and trusts, whether resident or nonresident |
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money received, especially on a regular basis, for work or through investments. |
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income and expense statement |
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A financial statement that measures a company's financial performance over a specificaccounting period. |
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a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. |
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the charging of real (or personal) property by a debtor to a creditor as security for a debt (especially one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period. |
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The result that occurs when expenses exceed the income or total revenue produced for a given period of time |
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is an entity's income minus cost of goods sold, expenses and taxes for an accounting period. |
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The result that occurs when expenses exceed the income or total revenue produced for a given period of time. |
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an economy of or reduction in money, time, or another resource. |
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Something someone has or has paid for |
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An asset or item that is purchased with the hope that it will generate income or appreciate in the future. |
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the state of being responsible for something, especially by law. |
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the amount for which something can be sold on a given market. |
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Assets in which the right to receive a fixed or determinable amount of currency is absent. |
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How much you and what you have is worth |
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Statement of financial position |
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A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. |
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fixed assets, such as machinery, buildings and land, and current assets, such as inventory. |
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an abundance of valuable possessions or money. |
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a group of people living in the same place or having a particular characteristic in common. |
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a group of people living in the same place or having a particular characteristic in common. |
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taxes paid when purchases are made on a specific good, such as gasoline. |
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tax levied by a government directly on income, especially an annual tax on personal income. |
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taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff. |
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a levy on property that the owner is required to pay. |
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a tax on sales or on the receipts from sales |
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What the govermtent makes you pay for there profit |
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money gaven to you by the goverment if you cant work |
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a machine that automatically provides cash and performs other banking services on insertion of a special card by the account holder |
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an account at a bank against which checks can be drawn by the account depositor. |
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A bank That holds money commericaly |
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a secure method for consumers to purchase products or services on credit or smartcards |
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card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
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money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. |
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The rate your interest comes in |
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Banking done through an app or online |
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Banking done through a computer online. |
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a bank account that earns interest. |
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Savings tools are secure and liquid accounts offered by depository institutions assisting in the management of a savings fund. |
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