Unit 11 Quiz Review

Unit 11 Budgeting
Quiz Review

By Brittany Naculich

Multiple Select

Which expenses are included in cost of living calculations?

• trip to beach

• concert tickets

• grocery costs

• rent

Multiple Select

Which of the expenses would be considered fixed expenses?

• Rent or Mortgage

• Internet

• Car Payment

• Groceries

Multiple Select

Which of the expenses would be considered variable expenses?

• Student Loans

• Natural Gas

• Electricity

• Groceries

Multiple Choice

Owen recorded some of his monthly expenses in the list. How much does Owen spend on his fixed expenses?

• $1,959

• $903

• $2,862

Multiple Choice

Owen recorded some of his monthly expenses in the list. How much does Owen spend on his variable expenses?

• $1,959

• $903

• $2,862

Multiple Choice

Owen recorded some of his monthly expenses in the list. How much does Owen spend on his total monthly expenses?

• $1,959

• $903

• $2,862

Multiple Select

Eliza wants to use some cost-saving strategies to help budget for variable expenses. Which strategies would help Eliza reduce the cost of a variable expense?

• Turn lights off when she is not in the room.

• Make a list and only buy items on the list when shopping for groceries.

• Dine out often to avoid going to the grocery store.

• Adjust the temperature in her home to a few degrees cooler in the winter.

Multiple Choice

You are trying to reduce your grocery expenses. Compare the two boxes of cereal and their prices.

How much would you save in a month if you purchase one box of the lesser-priced cereal four times each month?

• $0.49

• $1.96

• $23.52

Multiple Choice

Dante is interested in using budget billing for his electricity. He found the sum of his electricity bill charges for the last 12 months was $1,272. His electricity company charges an additional monthly fee of $3 for this service. How much will he pay per month with budget billing?

• $109

• $106

• $1,275

Multiple Choice

Averi would like to set up an HSA at work that gives her a tax advantage while saving for health expenses. She knows that she spends an average of $2,700 on health expenses per year, not including premiums.

How much would Averi need to contribute each month to her HSA to have exactly $2,700 in her account for health expenses per year?

• $225

• $325

• $240

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Good Luck on your Unit 11 Quiz!!

Remember, I will be out of office on Monday May 5th but you can use ANYTHING from the resource padlet to assist you on the quiz! You can also email or Edio chat me if you have questions/concerns.
Have a GREAT weekend! :)