The amount of money you make before taxes and other deductions are removed. Insurance Insurance is a contract between you and an insurance company. You agree to regularly pay a certain amount of money, and the insurance company agrees to repair or replace whatever it is that you are insuring. A home owner s insurance policy guarantees the replacement of your home and its contents if it is damaged or destroyed. Home owner s insurance is required by the Bank of Knab, for instance, when you take out a mortgage.
Auto insurance works the same way and is required on most planets.
Income tax is a percentage of your income and the money is needed to run the government and pay for public goods and services like highways and national parks. The amount of money a bank pays you in return for keeping your money in an account at the bank. Interest is also the amount of money a bank charges you to borrow money. Interest is expressed in percentages. A planet 999 light years from Earth.