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Exam (elaborations)

H&R BLOCK BUDGET CHALLENGE AND CHAPTER 2 TEST QUESTIONS WITH CORRECT ANSWERS

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H&R BLOCK BUDGET CHALLENGE AND CHAPTER 2 TEST QUESTIONS WITH CORRECT ANSWERS

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Amount of income left after taxes and deductions have been taken out.


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Net Pay




Wealth building is a ______


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Marathon




the total amount of an employee's earnings before deductions are taken out

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Gross Pay




the time between the billing date and the payment due date when no interest is
charged


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Grace Period




Amount you must pay before you begin receiving any benefits from your insurance
company


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Deductible




the earnings on which tax must be paid; total income minus exemptions and
deductions


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Taxable Income




Saving is an exercise in __________

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