
Paycheck and Budget Terms Assessment
Flashcard
•
Other
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12th Grade
•
Practice Problem
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Medium
Catherine Stokely
Used 2+ times
FREE Resource
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9 questions
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1.
FLASHCARD QUESTION
Front
An employee's total earnings before taxes and other deductions.
Back
Gross pay
2.
FLASHCARD QUESTION
Front
_______________________________ - an employee's take home pay after taxes and other deductions have been subtracted.
Back
Net pay
3.
FLASHCARD QUESTION
Front
________________________ - a plan for spending and saving money based on your income and expenses for a set period of time.
Back
Budget
4.
FLASHCARD QUESTION
Front
_______________________________ wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments and benefits, like health insurance.
Back
Deductions
5.
FLASHCARD QUESTION
Front
_______________________________ - expenses you have already agreed to pay and must be paid by a particular date. Examples include rent/mortgage for housing, car payment.
Back
Fixed expenses
6.
FLASHCARD QUESTION
Front
_______________________________ expenses that vary (change) each month. Examples include groceries, electricity, gas, water, utilities.
Back
Variable expenses
7.
FLASHCARD QUESTION
Front
________________________ things that people require to survive. Examples include Food, water, clothing, and shelter.
Back
Needs
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