Budgeting

Budgeting

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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9 questions

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1.

FLASHCARD QUESTION

Front

What is generally the highest expense in a household budget?

Back

Housing

2.

FLASHCARD QUESTION

Front

What do you call your annual salary? Options: Net income, Gross income, Paycheck, Cash flow

Back

Gross income

3.

FLASHCARD QUESTION

Front

Is budgeting crucial to your financial success?

Back

True

4.

FLASHCARD QUESTION

Front

If an expense can NOT be removed from your budget to save money, it is considered a _____. Options: Income, Want, Need, Savings

Back

Need

5.

FLASHCARD QUESTION

Front

Preparing a budget includes:

Back

Income, Expenses, Saving

6.

FLASHCARD QUESTION

Front

If an expense can be cut from your budget to save money, it is considered a ______. Options: want, need, income, savings

Back

want

7.

FLASHCARD QUESTION

Front

Discretionary income is the money you have left after all of your fixed and variable expenses have been paid.

Back

True

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