Week 5 - Quizizz

The Gray family’s net monthly income is $4,800. They have budgeted $960 for their mortgage payment.

Which best represents the percent of their monthly budget that is allocated for this expense item?

• 2.2%

• 22%

• 20%

• 25%

Kim is making a budget. Her expense items are: snacks, saving $40 for a new computer, entertainment,

saving $50 for college, monthly bus pass, clothes, and miscellaneous expenses. Which of her expenses are

fixed expenses?

• Snacks, clothes, entertainment and miscellaneous expenses only

• Monthly bus pass, savings for college, saving for a new computer only

• Snacks only

• Entertainment only

The Green family’s net monthly income is $5,800. How much did the Green’s allocate for clothing per

month?

• $840

• $522

• $422

• $900

The Alcott family has a monthly net income of $8,200. They budget 8% for entertainment and 10% for

savings. What amount do they budget for these two categories?

• $1476

• $500

• $1895

• $2589

If the family’s monthly income is $7,000, how much have they budgeted for their two largest categories,

household and housing expenses?

• $ 4,200

• $ 4,080

• $ 3,570

• $ 1,840

13. While Jan attends college, she is responsible for her personal expenses. Her family pays the remaining

expenses. She estimates her expenses a month to be $400. She tutors 5 hours a week. How much does she

need to charge per hour for the tutoring money to cover her expenses?

• $15

• $12.50

• $13

• $20

14. Billy estimates his expenses to be $1,200 a month. While attending college, he can only work part time so he is looking for a job that he can work about 12 hours a week. How much does he need to earn per hour to meet his expenses?

• $20.00

• $17.50

• $25.00

• $22.50

15. Ms. Spenser and her daughter live in Waco, Texas. Ms. Spenser’s employer pays 100% of her medical insurance and 50% of her daughter’s premium. She has estimated her total monthly expenses to be about $2,500. Her payroll and income taxes are $268. Her job is a 40-hour a week job. What is her necessary hourly wage to have a gross income that will meet her total expenses including the payroll and income

taxes?

• $13.30

• $17.30

• $13.50

• $12.60

16. Ms. Cosper and her son live in Plainview, Texas. She has estimated her total monthly expenses as about $2,850. Her payroll and income taxes are $287. What is her necessary monthly salary to have a gross income to meet her total expenses including the payroll and income taxes?

• $3137

• $2627

• $3047

• $2917

Mr. and Mrs. Blanco have a monthly budget of $5,300. Mr. Blanco is employed and earns $3,800 a month. Mrs. Blanco works part time. If she averages 15 hours a week, how much will she need to earn per hour to earn a sufficient amount for the family to meet its budget?

• $20

• $23

• $25

• $15