a C. Match the terms and definition: Budget (a spending plan, or a record of projected and actual income and expenses over a period) 1. Checking account a provision for retirement savings that enables an employee to invest a percentage of (pretax) income, often matched by the employer, into an account where it will not be taxed until withdrawn 2. 403B b. a plastic card that provides access to electronic funds transfer (EFT) from an automated teller machine (ATM) or a point-of-sale (POS) terminal 3. Debit card an amount subtracted from an individual's adjusted gross income to reduce the amount of taxable income 4. Direct deposit d. an item in your budget whose cost is different each month, such as a utility payment 5. Fixed Expenses e. an item in your budget whose cost will appear periodically throughout the year, such as a car upkeep or doctor/dentist appointments. 6. Variable Expenses f. money set aside specifically for an emergency such as a major accident or loss of a job. 7. Periodic expenses a provision for retirement savings, specific to non-profit organizations. 8. Income tax deduction h. an item in your budget whose cost is the same each month, such as rent or mortgage payment 9. emergency fund i. a bank account that allows you to transfer money you've deposited to a payee by writing checks or using a check or debit card to make purchases 10. 401K j. the automatic transfer of salaries, wages, rents, benefits, or other sums, directly to the account of an employee or beneficiary 11. Discretionary k. a recurring or non-recurring expense for goods and services expenses which are either non-essential or more expensive than necessary Answers 8