Friday, September 12, 2008

New Terms

Budget- an estimate of the amount of money to spend on a specific project or over a given time frame
Income- money or other assets recieved
Benefits- money or allowences such as life insurance, clothing allowance, dental coverage, or extended health care.
Salary- A fixed regular payment, usually calculated on an annual basis and paid monthly.
Take-Home Pay- often called net pay; referes to the money paid to an umployee after deducions.
Wage- payment made by an employer in exchange for work or services provided.

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