Finance

Vocabular
y
Income
Gross
Income
Net
Income
Expenses

Savings

Definition

Sentences

Money
someone has
Im looking for a job
earned from
with a high income.
someone else.
A persons total
Julie was very
income, not
impressed by her
including
gross income.
deductions.
A persons total
Nate was very
income,
disappointed at how
including
low his net income
deductions.
was.
Money that one
This week, my
has spent on
expenses totaled to
goods and
$150.
services.
Setting aside
My brother put aside
part of your
$400 dollars this
income for
month in savings.
later use.

Debt

Money that is
owed.

Katelynn owes the

government $5,000
in debt.

Tax

Payments to
the
government
that are
required to
make public
goods.

My father does not

enjoy how high his
taxes are.

Spending

Paying money
for good and
services

I have to use my
fathers spending
money since I do not
get paid.

Pictures

Investme Money that one My brother does not

saves for a
have much
nt
profit.
investment money.