FM Unit 1

1. What percent is someone taxed at if their gross income is $45,600 and their net income is $40,128?
4. tips are an amount of money given to someone as a reward for their ________
7. the ________ of (________), might include what people generally think is necessary to survive but also includes the availability of goods/services
10. a latin phrase for "for each day"
11. there are twelve of these in a (________)
14. earnings based on a percentage of sales made
18. the idea that as your (________) increases your standard of living as increases
20. there are about ____ weeks in a (________)
22. money received with expectations of services or goods
24. the value of what you own minus what you owe
26. the amount of (________) you earn before taxes and other payroll deductions
28. the more of this you have, the less your networth is

2. the costs of goods or services; money that you pay
3. if you were to be involved in an accident at work, you may be entitled to financial ____________
5. money received/earned for work, as a gift, or through investments
6. loans are money ________ from a lender with the expectation it will be repaid
8. money owed to another person or entity
9. starts with an "m" and ends with an "e"
12. grants are money received with the expectation it will be used for a specific _______
13. what we are all doing right now, rhymes with giving
15. the value of an asset minus its (________)
16. another name for net income
17. the ability to easily convert assets into cash
19. Buzz Light____
21. something that you own that has value
23. Dave Ramsey says that personal finance is 80% ________
25. money going out of your bank account/pocket, includes expenses and non-expenses like charity/savings/investments
27. money paid at a fixed rate for a specified or agreed amount of time