Budget Background Quiz

Your SALARY is...

• the money you get paid in ONE YEAR

• how much money you make per hour

• Depends on how many hours you worked that week

• all of the above

Your net income is...

• the money you get to spend from your paycheck

• the money you get BEFORE anything is taken out

• usually more than your gross income

• all of the above

Money taken out of your paycheck can be...

• for your retirement

• called taxes

• for employee benefits

• all of the above

Employee benefits includes things like...

• Free trips to Disney World

• Health Insurance

• Ice cream parties every day

• Free Back massages

A budget is...

• The amount of money you make in one hour

• How much money you make in one year

• A plan for spending money in a set period of time

• Something boring Ms. Lindamood makes us learn about

Income is....

• How much money you make

• The amount of money you spend each month

• The amount of money you have in the bank

• When your grandma puts five dollars in your birthday card

Money gets taken out of your paycheck for...

• Taxes

• Employee Benefits

• Retirement Savings

• All of the above

An hourly employee gets paid by the...

• Hour

• Year

• Day

• I don't know, man

Gross income is...

• Income that is really disgusting

• How much money is in your paycheck before anything gets taken out

• The money you put in the bank

• How much money you spend on pickles

Your TAXES pay for things like...

• Roads

• Schools

• Police officers and firemen

• All of the above