Day 2 Budgeting Math Questions

If an expense can NOT be removed from your budget to save money, it is considered a _____.

• Income

• Want

• Need

• Savings

Preparing a budget includes

• Income, Expenses, Saving

• Only listing your expenses

• Only listing your debts

• Only listing your income

Which one is a fixed (same amount, same time) payment?

• food

• power

• mortgage

• petrol

Tags

CCSS.3.OA.D.9

Fixed or variable expense: Groceries

• Fixed

• Variable

A vacation is an example of a _________

• need

• want

Medical care is an example of a ______

• Need 

• Want

Which of the following is generally the most expensive category in a person’s budget?

• Healthcare

• Clothing

• Transportation

• Housing

According to the following tax bracket, which category would you fall in if you made $72,000?

$0-$10,000- 2%

$10,000- $50,000 – 15%

$50,000- $70,000 – 20%

$70,000- $105,000- 35%

• 35%

• 2%

• 15%

• 20%

The Gummy family budget $35 a month for a vacation. How much money will they have saved up if they continue to save this amount for 15 months?

• $525

• $225

• $550

• $50

Jaxson can budget 1% of his monthly income to gifts. If he makes $1,295 a month, how much money can he put toward his gift category?

• $12.95

• $1.29

• $120.95

• $1.95