Budgeting

Budgeting

Assessment

Flashcard

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

TRISTAN JOHNSON

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

How do wages and salary differ?

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Back

Salary describes what you earn on an annual basis

2.

FLASHCARD QUESTION

Front

What is TRUE about gross income and net income?

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Back

Gross income is the total amount earned BEFORE deductions

3.

FLASHCARD QUESTION

Front

Which of the following may NOT always appear on your paycheck stub? Gross Pay, Net Pay, Your Role/Title, Local Tax

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Back

Your Role/Title

4.

FLASHCARD QUESTION

Front

Which expense is NOT common before signing a lease?

  • Renter's Insurance
  • Application fee
  • Application deposit
  • Apartment hunting expenses

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Back

Renter's Insurance

5.

FLASHCARD QUESTION

Front

What might you pay when you sign your lease?

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Back

Security deposit

6.

FLASHCARD QUESTION

Front

According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.

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Back

25-30%

7.

FLASHCARD QUESTION

Front

What is a step you can take to mitigate the risk of buying a used car?

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Back

Get a vehicle history report

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