Unit 1 Discretionary and Essential Expenses

If we decide to go to Top Golf over Spring Break, it would be considered a __________.

• Variable Expense
• Fixed Expense
• Discretionary Expense
• Income

Money available to spend on goods and services that are not essential.

• Discretionary Income
• Expenditures
• Budget

Tags

CCSS.6.RP.A.3B

Goods or services that make people more comfortable or content, but which are not necessary for survival.

• Needs
• Wants

Goods or services that people cannot survive without, such as water, food, shelter and clothing.

• Needs
• Wants

Gross income is:

• the total amount of money you earn

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Tags

CCSS.7.RP.A.3

Net (disposable) income is:

• the total amount of money you earn

• the amount of money you receive after deductions are subtracted from your gross income

• the amount of money that is taken away in the form of taxes

• the hourly rate of pay

David's gross income: $127.25

David's deductions: $25.20

David's net pay (disposable income): ?

• $102.05

• $102.45

• $112.05

• $152.45

Yvonne's gross income: ?

Yvonne's deductions: $251.18

Yvonne's net income:$451.82

• $703

• $200.64

• $954.18

• $25,812.00

Tags

CCSS.6.NS.B.3

What is the formula for relative frequency?

• f*N
• f-N
• f/N
• (f+x)/N

According to the portion of the frequency table given, how many people have an MBA?

• 9
• 60
• 20
• not enough information