Test 1 ~ Budgeting
Authored by Julie Lupchinsky
Financial Education
12th Grade
Used 1+ times
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15 questions
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1.
DROPDOWN QUESTION
45 sec • 1 pt
(a) is the amount you earn before taxes and other payroll deductions.
2.
DRAG AND DROP QUESTION
45 sec • 1 pt
The cost of rent or a car payment are examples of (a) .
3.
DROPDOWN QUESTION
45 sec • 1 pt
Car insurance can be an (a) ; it can be due at various times of the year.
4.
DRAG AND DROP QUESTION
45 sec • 1 pt
A(n) (a) varies in dollar amount from month to month, but it is expected every month. (1 Point)
variable expense
discretionary expense
intermittent expense
commission
5.
DROPDOWN QUESTION
45 sec • 1 pt
A(n) (a) is an expense you don't really need.
6.
DRAG AND DROP QUESTION
45 sec • 1 pt
A(n) (a) should account for fixed, variable, intermittent, and discretionary expenses based on income. (1 Point)
Cash-flow statement
net income
gross income
variable expense
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is NOT a component of a budget?
credit score
income
saving
giving
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