Income and Expense

Front

The most common type of income is earnings from a job, but other forms of income include:

Back

Dividends and interest

Front

Who do you need to be honest with?

Back

Yourself

Front

What have we discussed in class as being the best way to use an income and expense tracker?

Back

Your phone (you always have it with you)

Front

You have to use the 50/30/20 rule for budgeting per the Mandatory Budgeting Act that President Mira signed into law in 1854.

Back

False - it's your budget, do it your way

Front

In accounting terms, the balance between your income and expenses is often referred to as your...

Back

cash flow

Front

What is "Earned Income"?

Back

Salary

Front

Which of the following is an example of a fixed expense? Groceries, Utility bills, Entertainment, Monthly car payment

Back

Monthly car payment

Tags

DOK Level 1: Recall

Front

Which of the following is the best example of a variable expense? (would have the least impact if you did cut it back) Options: Mortgage payment, Car insurance, Dining out, Internet bill

Back

Dining out

Tags

DOK Level 1: Recall