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Taxes ✔✔Mandatory payments you make to state and local governments When is a budget considered to be balanced? ✔✔When the amount you spend is equal or less than the amount you earn. Bal... anced budget example ✔✔A budget where the amount you spend is equal or less than the amount you earn. Income ✔✔money you earn, usually from working at a job. Typically, how do people earn income? ✔✔Most people earn income by working at a job. What is an example of a NEED? ✔✔Warm winter coat; place to live; critical medicine What is an example of a WANT? ✔✔A new pair of headphones; Designer shoes; Your favorite candy [Show More]
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