Budgeting 101

Budgeting 101

8th Grade

20 Qs

quiz-placeholder

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Budgeting 101

Budgeting 101

Assessment

Quiz

8th Grade

Medium

CCSS
L.1.5A, L.1.5B, L.K.5A

Standards-aligned

Created by

Luciana Mayberry

Used 8+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

How do wages and salary differ?

Wages describe what you earn on an annual basis

Salary describes what you earn on an annual basis

Wages mean you have a standard amount in each paycheck

Salaried employees are likely to be paid for overtime

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a need?

Food
Clothes
Netflix
Shelther

Tags

CCSS.L.1.5A

CCSS.L.1.5B

CCSS.L.K.5A

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A budget only works if.....

You are willing to follow it
if someone else creates it
your parents give you money 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why budget?

prevent debt
plan for future
save money
all of these

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The money that you receive for mowing the lawn, babysitting or making good grades is called__________. 

income 
credit 
debt 
interest 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be considered a short-term savings goal?

Buying a used car

Paying for college

Saving for your retirement

Saving to buy a birthday gift for your friend

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

These expenses are the same every month:

variable expenses

discretionary expenses

fixed expenses

flexible expenses

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