Financial Literacy, Budgets

What is 10% of her $500 budget

• $25
• $50
• $100
• 50%

Tags

CCSS.6.RP.A.3C

What is percent of her budget is her rent?

• 10%
• 20%
• 30%
• 40%

What is 10% of her $500 budget

• $25
• $50
• $100
• 50%

Tags

CCSS.6.RP.A.3C

What is percent of her budget is her car payment?

• 15%
• 20%
• 25%
• 30%

Rent is a:

• Fixed expense
• Discretionary Expense
• Variable expense
• Intermittent expense

Groceries are a:

• Fixed expense
• Variable expense
• Intermittent expense
• Discretionary expense

Which of the following is considered an asset?

• Bank Loan
• Mortgage
• Debit Card
• Savings account

Which of the following is considered a liability?

• Savings Account
• Mortgage
• Savings bond
• Coin Collection

Net worth is found by

• subtracting expenses from income
• dividing monetary assets by current liabilities
• subtracting liabilities from assets
• dividing monthly debt by monthly income

Cash and things that are owned by the individual or the business for which a financial statement is prepared are listed as:

• Assets
• Debts
• Equity
• Working capital