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Step #2 Andrew Q. 2nd period
Terms in this set (20)
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Supply And Demand
The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
The Federal Insurance Contributions Act (FICA) is a U.S. law that creates a payroll tax requiring a deduction from the paychecks of employees as well as a contribution from employers.
The cost required for something; the money spent on something.
Loss of money or decrease in financial value.
Merchandise or possessions.
A person, company, or country that makes, grows, or supplies goods or commodities for sale.
A person who purchases goods and services for personal use.
The process of concentrating on and becoming expert in a particular subject or skill.
A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
An economic system in which private business operates in competition and largely free of state control.
The action or process of investing money for profit or material result.
Money received, especially on a regular basis, for work or through investments.
An estimate of income and expenditure for a set period of time.
An amount that has to be paid or spent to buy or obtain something.
The management of large amounts of money, especially by governments or large companies.
For a company, net income is the residual amount of earnings after all expenses have been deducted from sales.
Gross income is an individual's income and receipts from nearly all sources.
A piece of paper that is given to an employee with each paycheck and that shows the amount of money that the employee earned and the amount that was removed for taxes, insurance costs,etc.