Chp 17.4- Budgeting

Chp 17.4- Budgeting

Assessment

Flashcard

Education

9th Grade

Practice Problem

Easy

Created by

Tracy Taylor

Used 3+ times

FREE Resource

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22 questions

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1.

FLASHCARD QUESTION

Front

True or False: Fast-foods and restaurant meals tend to be the most costly items in a food budget.

Back

True

2.

FLASHCARD QUESTION

Front

Which of the following is an example of a flexible expense? Rent, Car payment, Groceries, Health insurance

Back

Groceries

3.

FLASHCARD QUESTION

Front

Which of the following is a correct example of a fixed expense? Groceries, Gas, Rent, Medical bills

Back

Rent

4.

FLASHCARD QUESTION

Front

Your net income is _____.

Back

your taxable income after certain deductions

5.

FLASHCARD QUESTION

Front

Which element of a personal budget is the money that a person earns or receives?

Back

income

6.

FLASHCARD QUESTION

Front

Which part of a personal budget records the amount of money a person spends?

Back

expenses

7.

FLASHCARD QUESTION

Front

What is gross pay?

Back

The amount of money a worker earns before deductions.

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