For questions 1-10 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
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

Respuesta :

Answer:

A.   Money taken from your gross pay that you have no control over--------------------Involuntary salary deduction(4)  

B. expenditures that are under your control ----------- Discretionary spending(6)

C. unable to discharge liabilities or repay debts-----------Insolvent(10)

D. the initial amount of money that was invested or borrowed-------------Principal(8)  

E. expenditures that are constant from one time period to another--------------Fixed expenses(5)  

F. take home pay ---------------Net Income(2)

G. someone who receives a regular salary for employment  ----------------------Salaried employee(9)

H. total income before any deductions are taken  -------------Gross income(1)

I. income that does not vary from one time period to another ---------------- Fixed income(7)

J. money you have given your permission to have deducted from your paycheck----------------- Voluntary Salary Deduction(3)

Filling in the blank terms with the letters of the best matching descriptions is as follows:

Terms                                                 Best Matching Description

1. gross income                                  H. total income before deductions.

2. net income                                     F. take-home pay

3. voluntary salary deduction           J. money you have given permission

4. involuntary salary deduction        A. money taken from your gross pay

5. fixed expenses                              E. expenditures that are constant

6. discretionary spending                 B. expenditures ... under your control

7. fixed income                                   I. income that does not vary

8. principal                                          D. the initial amount of money

9. salaried employee                         G. someone who receives a regular

10. insolvent                                       C. unable to discharge liabilities

What is a descriptive term?

A descriptive term is a word or expression having an exact meaning in a specific usage or is limited to a subject.

For example, the fixed expense is an accounting term.

Thus, the various terms have been matched with their best descriptions, as above.

Learn more about matching terms with descriptions at https://brainly.com/question/25236222

Q&A Education