
personal Econ/Decoding
Authored by James Benson
Social Studies
10th Grade

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
includes the total amount of income that you earned during a pay period?
Medicare
Net pay
Gross pay
Federal tax amount
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is variable expenses?
Groceries, Dining out, Car repairs, Gasoline
Electric Bill, Cable bill, Mortgage/rent, Cell phone bill
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Examples of fixed Expenses
electric bill, cable bill, mortgage/rent, cell phone bill
groceries, dining out, car repairs, gasoline
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is plans such as 401 K or 4o3 (B)
Year-to-date
retirement plan contributions
state tax amount
Leave time
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What type of pay period is determined by your employer
Bi - weekly
Bi - monthly
Yearly
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what is a current liability?
Asset that can be converted into cash within 12 months
Asset that that cannot easily be into cash within 12 months
Monies that you owe and can pay off within a 12 month period
long term investments not intended to be converted into cash in the short term.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Fixed asset?
Asset that can be converted into cash within 12 months
Asset that that cannot easily be into cash within 12 months
long term investments not intended to be converted into cash in the short term.
money/monies that an individual or business owes to creditors.
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