CM Fall Final Review 2 (The 2nd enchilada plate)

Front

What is the money earned for a paycheck after taxes and deductions are subtracted?

Back

Net income

Front

What is the knowledge and skills necessary to be informed consumers and manage finances effectively?

Back

Financial literacy

Front

Are teens a huge target of credit card companies today?

Back

True

Front

If Tara paid $4.50 for 3 packs of biscuits, how much does one pack of biscuits cost?

Back

$1.50

Front

What is an expense that is paid monthly but varies in dollar amount from one month to the next?

Back

Variable expense

Front

What is the total income before any deductions are made?

Back

Gross income

Front

What type of expense remains the same each month?

Back

Fixed expense

Front

What is the term for expenses that are not essential and can be adjusted or eliminated?

Back

Discretionary expense

Front

What is the process of evaluating financial options and making informed decisions called?

Back

Financial decision-making

Front

What is the term for the amount of money that is left after all expenses have been paid?

Back

Net profit