
Budgeting
Quiz
•
8th Grade
•
Medium
Standards-aligned
Allison Thompson
Used 1+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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 SELECT QUESTION
30 sec • 1 pt
Which of the following are TRUE about gross income and net income? (hint: choose 2 correct answers)
Gross income and net income are the same
Net income is sometimes called "take home pay"
Gross income is the total amount earned before deductions
Net income is the total amount earned before deductions
Tags
CCSS.7.RP.A.3
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Budgeting is crucial to your financial success.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If an expense can NOT be removed from your budget to save money, it is considered a _____.
Income
Want
Need
Savings
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Preparing a budget includes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Examples of Fixed Expenses include:
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Car Payment
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