Question

Fill in the blank with the letter of the description that best matches the term :

A. money taken from your gross pay that you have no control over
B. expenditures that are under your control
C. unable to discharge liabilities or repay debts
D. the initial amount of money that was invested or borrowed
E. expenditures that are constant from one time period to another
F. take home pay
G. someone who receives a regular salary for employment
H. total income before any deductions are taken
I. income that does not vary from one time period to another
J. money you have given your permission to have deducted from your paycheck

pairs
1. gross income
2. net income
3. voluntary salary deduction
4. involuntary salary deduction
5. fixed expenses
6. discretionary spending
7. fixed income
8. principal
9. salaried employee
10. insolvent

Answer 1

Financial terms are matched with their definitions; 'gross income' is total income before deductions, 'net income' is take home pay after deductions, and 'voluntary salary deduction' is money you permit to be deducted from your paycheck.

Step-by-step explanation:

Fill in the blank with the letter of the description that best matches the term:

1. gross income (H): total income before any deductions are taken.
2. net income (F): take home pay, the amount of money left after all deductions.
3. voluntary salary deduction (J): money you have given your permission to have deducted from your paycheck.
4. involuntary salary deduction (A): money taken from your gross pay that you have no control over.
5. fixed expenses (E): expenditures that are constant from one time period to another.
6. discretionary spending (B): expenditures that are under your control.
7. fixed income (I): income that does not vary from one time period to another.
8. principal (D): the initial amount of money that was invested or borrowed.
9. salaried employee (G): someone who receives a regular salary for employment.
10. insolvent (C): unable to discharge liabilities or repay debts.