Financial Terminology

1. How employees treat people who buy goods or services from their company.
4. Money and benefits paid for doing a job. This may also be called income, earnings, salary, or wages.
6. The total amount of money you bring home after all deductions.
7. A form new employees fill out to determine the amount of income tax their employer will deduct from their paycheck.
12. An instance of buying or selling something. This may also be referred to as a business deal.
13. compensation in addition to wages, such as medical insurance, sick leave, paid vacation, or retirement.
15. The money a company makes after all expenses are paid.
16. A bill for goods purchased or services provided.
17. The cost required for something, such as the cost for products and employees to run a business.
18. A form employers send employees at the beginning of each year that provides a summary of all wages and deductions for the year.

2. Money received by an individual for the job they do.
3. Any money taken from your paycheck for taxes or benefits. This may also be referred to as withholding.
5. A complete list of items to be sold, such as property or goods in stock. This may also be referred to as merchandise.
8. The lowest amount allowed by law to pay employees per hour. This may vary from state to state.
9. An annual sum of money made by an employee, regardless of hours worked. Usually paid bi-weekly or monthly.
10. Money received by a company or organization for the products sold or services provided.
11. The total amount of money you make before any deductions are taken out of your paycheck.
13. An estimate of individual or business income and expenses for a set period of time.
14. An amount paid to an employee based on a percentage of the employee's sales.