Question

For questions 1-10 fill in the blank with the letter of the description that best matches the term :

Answer 1

1) H
2) F
3) J
4) A
5) E
6) B
7) I
8) D
9) G
10) C

Answer 2

Answer:

A.   Money taken from your gross pay that you have no control over--------------------Involuntary salary deduction(4)  

B. expenditures that are under your control ----------- Discretionary spending(6)

C. unable to discharge liabilities or repay debts-----------Insolvent(10)

D. the initial amount of money that was invested or borrowed-------------Principal(8)  

E. expenditures that are constant from one time period to another--------------Fixed expenses(5)  

F. take home pay ---------------Net Income(2)

G. someone who receives a regular salary for employment  ----------------------Salaried employee(9)

H. total income before any deductions are taken  -------------Gross income(1)

I. income that does not vary from one time period to another ---------------- Fixed income(7)

J. money you have given your permission to have deducted from your paycheck----------------- Voluntary Salary Deduction(3)