Personal Income Vocabulary

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Across
  1. 1. Using money in hopes of gaining more in the future by lending to businesses in exchange for a share profits.
  2. 3. Required payments to a government
  3. 10. Setting aside of income for future use. Putting money aside for future use.
  4. 11. The money that you spend on something; cost. If it exceeds income,it can lead to an individual falling into debt.
  5. 13. A person who organizes, manages, and takes on the risks of a business.
  6. 14. A plan for making and spending money
  7. 15. incoming money
  8. 16. risk Borrows from future income, more money is spent than is earned, financial goals will not be met
Down
  1. 2. The amount of money a person earns during a year. Money earned from investments and employment. The main source of money on which most people depend for day to day living.
  2. 4. The amount a person purchases.
  3. 5. a legal proceeding involving a person or business that is unable to repay outstanding debts.
  4. 6. An amount of money loaned to a person that must be paid back along with additional interest. Examples: Borrowing money, charging a purchase and taking out a student loan. When borrowing money it is important to pay back the loan as soon as possible.
  5. 7. The money paid for employee services
  6. 8. The payment people receive when they lend money or allow someone else to use their money. A sum paid or charged for the use of money or for borrowing money.
  7. 9. something, typically money, that is owed or due
  8. 12. The amount of money an entrepreneur or business makes after paying its expenses.