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INCOME AND EXPENSE STATEMENT

Authored by Leigh Heath

Specialty

9th - 12th Grade

CCSS covered

Used 343+ times

INCOME AND EXPENSE STATEMENT
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Money spent

income
expense
net income
gross income

Tags

CCSS.6.NS.C.5

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

an individual's income earned as salary or wages before taxes and other deductions

gross income
gross loss
net income
net loss

Tags

CCSS.6.NS.C.5

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

money received

net loss
net gain
insurance
income

Tags

CCSS.7.NS.A.1A

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or a year

mortgage
income and expense statement
net income
savings

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

product that transfers risk from an individual to an insurance company or organization

insurance
mortgage
expense
income

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

payment, usually monthly, applied to the balance of a home loan used when purchasing housing

insurance
expense
mortgage
income and expense statement

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

when income is greater than expenses

net income
net loss
gross income
net gain

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